The NCUA Board has approved changes to the agency's regulations to allow eligible credit unions to use capital they might access from the Troubled Asset Relief Program. The board took the action in a notational vote Feb. 9.
The U.S. Treasury Department will make money from the Troubled Asset Relief Program available to credit unions, banks and thrifts that have been recognized as community development financial institutions by the Department's CDFI Fund.
Consumers are choosing decreasing debt over putting away savings as their No. 1 priority for the new year, according to an online poll by the National Foundation for Credit Counseling.