If a House bill backed by the American Bankers Association in a new package of legislation designed to help small businesses create more jobs gives credit unions expanded lending authority, the banking trade group has vowed to pull back its support.
Clifford Rosenthal, CEO of the National Federation of Community Development Credit Unions, is leaving the federation to take a position with the Consumer Financial Protection Bureau.
Trade says no endorsement without member business lending or supplemental capital relief.
The Trust for Credit Unions said Wednesday that one of its three mutual funds, the Ultra-Short Duration Government Portfolio, exceeded its benchmark by 25 basis points in 2011.
SAFE CU reported as holder of accounts, said to have alerted authorities.
Mortgage interest rates show no regard for records.
Northwest Credit Union Association CEO warns of deposits' impact on capital-to-asset ratios.
Four of the agency's corporate bond issues lose AAA rating.
National Federation exploring possibility of aggregating loans to participate in new bond guarantee program.
With 115,000 new jobs and Chrysler’s $7.5 billion recent loan repayment to the government, the White House is encouraged by the auto industry’s comeback.