News

WASHINGTON -- Sen. Bob Corker, a key Senate architect of the regulatory restructuring legislation, said today that it is more important that a new consumer regulator have sufficient authority than whether it is an independent agency.

The recent auto recalls by Toyota Motors has led Aspire Federal Credit Union in Clark, N.J., to reach out to members with a unique offer.

Frustration among small business owners toward their banks appears to be growing, and a number of them said they are making plans to jump ship over the next two years.

The country's economic difficulties took an acute toll on individuals and businesses last year as the number of filings for bankruptcy rose by 31.9%,

The privately insured Silver State Schools Credit Union of Las Vegas, on an urgent campaign to restore its balance sheet following a $22 million capital infusion and a $51 million net loss in 2009, sought last week to reassure its members.

The $851 million Arrowhead Credit Union has sold it insurance subsidiary, Sawyer Cook Insurance, several publications recently reported.