Treasury Secretary Timothy Geithner, Education Secretary Arne Duncan and Senior Adviser to President Obama Valerie Jarrett praised the efforts of the student-run credit union at Stonewall Jackson High School for fostering financial literacy.
An independent consumer financial regulator might be less sensitive to the safety and soundness implications of potential new rules than one housed inside the Federal Reserve.
If the debate over what to do about Fannie Mae and Freddie Mac were a boxing match, last week's hearing before the House Financial Services Committee would have been the first round.
At a time when the NCUA and the trade groups are pushing Congress to raise the cap on member business loans, the agency's inspector general faulted its examiners for insufficient oversight.
As credit union management and boards learn more about the amount of toxic assets in corporate and natural person credit unions, their conclusion about assessments changes from "something we have to live with" to "we can't live with that."
The shaky timing behind the launch of a green cleaning business in North Carolina amid a stagnant economy serves as the backdrop of a new film conceived by the Latino Community Credit Union.
WASHINGTON -- Treasury Secretary Timothy Geithner went to a conservative leaning thing tank yesterday to make the case for revamping financial regulations in a manner that provides "strong protection for consumers."
CUNA President/CEO Dan Mica met with Treasury Secretary Timothy Geithner to urge the administration support legislation that would raise the cap from 12.25% of assets to 25%.
Representatives of CUNA and NAFCU are using appearances at today's joint hearing of two House committees to press their case for raising the cap on member business lending.
The NCUA will strengthen its regulations to prevent "unintended safety and soundness concerns," if Congress raises or eliminates the cap on member business lending, NCUA Chairman Debbie Matz wrote Treasury Secretary Timothy Geithner.