News

Regulators in Louisiana are about ready to conduct a more formal, second survey of financial conditions impacting credit unions as a result of the BP oil spill, the state's top examiner, Sidney Seymour, said Thursday.

When regulating interchange fees, the Federal Reserve should exercise flexibility, not make decisions in isolation and consider the costs that credit union incur when running card programs.

Alabama's top credit union regulator said he will lift the year-old conservatorship of the $184 million Mutual Savings Credit Union now that the Birmingham CU has restored profitability and fixed its balance sheet.

The $227 million SharePlus Federal Bank, the former SharePlus Federal Credit Union, has filed papers with the Securities and Exchange Commission to make its initial public offering of stock.

Congress completed work today on what some said is the most comprehensive financial regulatory bill since the New Deal when the Senate approved the measure 60 to 39.

More profitable, more liquid and having better credit quality are a few of the traits of smaller businesses that do not use credit, a SBA Office of Advocacy study revealed.