WASHINGTON-With the number of small businesses growing at a rate of 6%, or 2.4 million a year, credit unions can not afford to miss out on this market, according to a study by CUNA and NFO WorldGroup Financial Services. The 68-page report recommends that credit unions profit from the solid...
WASHINGTON-The national credit union trade associations, in comment letters to the Federal Reserve, wrote that they generally support the electronic disclosures interim rule promulgated by the Fed. The e-disclosure regs became effective March 30 and will become mandatory October 1 under the Electronic Signatures in Global and National (E-Sign) Commerce...
WASHINGTON-In Saturday sessions, the House and Senate approved the conference report for the administration's $1.3 trillion tax cut bill, pared down from the original $1.6 trillion. The House vote was 240 to 154, with 39 not voting, while the Senate approved the measure 58 to 33. Credit union-backed pension reform...
WASHINGTON-President George W. Bush's tax package may receive most of the media coverage, but it's not the only tax relief bill that has been placed before Congress. After months of stalling in the House, legislation to expand subchapter S tax provisions for closely held-those with fewer than 75 stockholders-banks and...
WASHINGTON-Senator James Jeffords (I-Vt.) announced he would leave the Republican party prior to the Memorial Day recess. He would return June 5 officially as an Independent caucusing with the Democrats. The move effectively broke the even split in the Senate to 50-49-1 in favor of the Democrats, and has implications...
ALEXANDRIA, Va.-Allowing credit union groups to comment on the external review of the overhead transfer rate is the first time the stakeholders have been permitted to take such an action in the agency's history, by Acting NCUA Chairman Dennis Dollar's recollection. CUNA and NAFCU have taken advantage of this opportunity...