News

The House Appropriations Committee approved a $24.1 billion spending bill that includes a provision giving the Central Liquidity Facility about $40 billion in borrowing authority, which will not be subject to a cap.

Not surprisingly, most of the data President Barack Obama will see in the SBA's small business economy report released yesterday is grim.

Credit cards delinquencies overall remained near record levels, according to the American Bankers Association.

NAFCU has promoted its top lobbyist B. Dan Berger to be executive vice president for government affairs.

Billionaire investor Warren Buffett said today that Congress may need to pass another measure to jumpstart the economy and criticized the effectiveness of the measure lawmakers enacted earlier this year.

Credit unions are evaluating whether to switch their fixed rate interest rate credit cards to variable rate cards in advance to the change in federal laws governing credit card issuance.