News

PROVIDENCE, R.I. -- Gov. Donald Carcieri unveiled yesterday a small business stimulus package that will invest $165 million into small and mid-sized businesses over the next two years with the help from several Rhode Island credit unions and banks.

WASHINGTON - A 25 basis point spread isn't worth writing home about, but the NCUA is hoping the Credit Union System Investment Program's lack of credit risk, and a little bit of guilt, will attract participants.

WASHINGTON - White House spokeswoman Dana Perino said today that the Bush administration may reverse its opposition to using money from the Troubled Asset Relief Program to help Chrysler, Ford and General Motors.

WASHINGTON -- Card processor CMC and NAFCU Services Corporation are jointly offering a series of Web events aimed at credit unions that previously sold their credit card portfolios who wish to get back into card issuing.

WASHINGTON -- Consumer spending at retail outlets fell again last month, as the recession continued to batter key parts of the economy.

WASHINGTON -- The Small Business Administration issued an interim final rule today for new lender oversight regulations in its guaranteed loan programs with the aim of greater enforcement authority and increase transparency on how risk is evaluated.