News

A bipartisan group of 13 senators urged Federal Reserve Chairman Ben Bernanke in a letter sent yesterday to ensure that when the Fed issues regulations on debit interchange fees they don't hurt small financial institutions and consumers.

North Carolina's Democratic governor, Beverly Perdue, unveiled a broad downsize of state agencies but the North Carolina Credit Union League is telling its members it disfavors any notion of combining bank and CU regulation.

The Federal Reserve Board announced today it will offer a webcast of next Friday's meeting at which it will discuss and vote to send out for public comment its proposed rule on the regulation of debit interchange fees.

The House Financial Services Committee is shrinking.

The $1.6 billion Travis Credit Union is merging the ailing $177 million Metro 1 CU of Concord, Calif., effective next spring, it was announced Friday.

The NCUA Board doesn't plan to end the year quietly.