News

Assuming the city's mayor and the U.S. Congress goes along, Washington, D.C. will have capped the interest payday lenders in the city can charge to no more than 24%, the same cap that other financial institutions chartered by the city face.

The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 4.75%.

The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 4.75%.

Representatives Carolyn Maloney (D-N.Y.) and Jim Walsh (R-N.Y.), following up on a suggestion from NAFCU, introduced a resolution today to make September 2007 Federal Credit Union Month.

Acting Secretary of Banking Steve Kaplan told lawmakers today that Pennsylvania needs laws to test and license mortgage professionals and to protect consumers from unscrupulous loan practices.

As part of the Small Business Administration's agency transformation agenda, credit unions, lenders and small businesses can soon expect to see more operational reform and accountability, enhanced internal and external communications and improved customer service.