On a party-line vote, the Senate Banking Committee voted to confirm former Ohio Attorney General Richard Cordray to be the first director of the Consumer Financial Protection Bureau.
Panel votes along party lines.
If Congress allows credit unions to make more business loans, the industry can expect even more supervision from the NCUA.
Becker letter argues job-creation benefits of increased ability for credit unions to lend to businesses.
The Obama administration has announced that Treasury Secretary Timothy Geithner would remain in his post for the time being.
NAFCU's Becker says Fed rule capping debit interchange will cost jobs at "Main Street financial institutions."
CUNA has informed the Treasury Department that credit unions believe the federal government has a "very important but targeted" role in the secondary mortgage market going forward.
Treasury Secretary Timothy Geithner said today that the six consecutive quarters of economic growth indicated that there is little chance the economy will experience a double dip recession.
CUNA has informed the U.S. Treasury Department that credit unions believe the federal government has a "very important but targeted" role in the secondary mortgage market going forward.
Like the Wizard of Oz, the Federal Reserve is shrouded in mystery and does its work in a big building and often operates without much transparency.