BOSTON-Economist Lester Thurow described America's most recent recession as one of the mildest, yet harshest in recorded history. While the recession can be considered one of the mildest ever, it has been one of the highest in job losses since the Great Depression. America is losing 400,000 jobs every three...

BOSTON-The newest generation, the Millennials, are revealing a glimpse of optimism following their realist predecessors: the Gen X'ers. According to generational expert Neil Howe, the Millennial Generation-those born after 1982-are generally exhibiting a more positive outlook for their collective futures, a renewed appreciation of the nation and its history as...

ALEXANDRIA, Va.-In a brief board meeting of the NCUA, the agency announced that it had cut its 2003 budget by 2.31%. According to NCUA's Board Action Memorandum, the agency's total operating costs for 2003 were going to be pared down by nearly $3.4 million or 2.31%. Much of the savings...

WALKERSVILLE, Md.-NCUA has caught a lot of flack lately from certain sectors for approving very large community charters, which the banks have attacked in the courts as illegal. But what are these credit unions that have converted to vast community charters doing with them? "We had originally been chartered as...

WASHINGTON-The House Financial Services Committee overwhelmingly passed H.R. 2622, the Fair and Accurate Credit Transactions Act, out of committee recently. In a late night session before the House left for its August recess, the committee approved the FACT Act, which permanently extends the federal preemption of credit reporting standards and...

WASHINGTON-At the annual meeting of the National Council of State Legislatures, the bankers attempted to pave the way for credit union taxation by couching it as a preemption issue. In the end, the Financial Services Standing Committee of NCSL voted 15-4 to dismiss a policy amendment pursued by the bankers...

WASHINGTON-The House Financial Services Committee was still drudging through a lengthy markup session, which included the Fair and Accurate Credit Transaction Act (H.R. 2622) and five other bills, at deadline. Approximately 15 amendments to the FACT Act were expected to be offered. The FACT Act provides permanent reauthorization of the...

ALEXANDRIA, Va.-NCUA announced recently that it would be participating in another White House Conference on Faith-Based and Community Initiatives on July 29 in Minnesota. Additionally, in October, NCUA will be holding its next Partnering and Leadership Successes workshop in Washington, D.C. NCUA Director of Credit Union Development Anthony LaCreta will...