“All these guys did is come forward and report what they had seen and been asked to do, to report the truth.”

–Jillian Aldebran, counsel with the Center For Responsible Lending, responding to a question about whether CRL had coached three former employees of Check 'n Go in their statements in favor of a cap on payday lending interest in Washington D.C. See page 4.

“[The net effect] is going to be different for each credit union. The difference will be the speed of re-pricing…The good news is it takes some of the pressure off the net interest margins.”

–CUNA Senior Economist Steve Rick on the Federal Open Market Committee's decision to lower the target rate 50 basis points from 5.25% to 4.75%.

“Depending on what kind of tools are provided consumers can understand that they don't have to take that ace bandage in the emergency room for $80 but can pick up one at the local pharmacy for $2.50 leaving the balance in their account.”

–Peter Barnard on how there must be a financial and health consideration basis in the tools used for consumer directed health plans. See page 1-42.

“Economic growth was moderate during the first half of the year, but the tightening of credit conditions has the potential to intensify the housing correction and to restrain economic growth more generally. Today's action is intended to help forestall some of the adverse effects on the broader economy that might otherwise arise from the disruptions in financial markets and to promote moderate growth over time.”

–Statement from the Federal Open Market Committee on dropping the target rate to 4.75%.