News

For Treasury Secretary Timothy Geithner, who has practically been flying solo since taking office, help may soon be on the way.

Consumers are being cautious about accumulating more credit card debt, according to an analysis released today by TransUnion.com, one of the largest credit rating agencies.

Iowa Corporate Central Credit Union CEO Sara Flynn told the Credit Union Times her board and management team weighed the benefits and risks of participating in the NCUA's Temporary Corporate Credit Union Share Guarantee Program.

Banks would have to pay a smaller premium to replenish the FDIC if Congress approves a bill by Senate Banking Committee Chairman Christopher Dodd to increase in the regulatory agency's line of credit at the Treasury Department.

The $2 billion Texans Credit Union said a $46 million loss last year was mostly tied to having to increase its commercial loan loss reserves.

Unemployment rose to 8.1% in February-the highest level since 1983-as businesses cut 651,000 non-farm jobs, the Department of Labor reported today.