News

An executive with the National Retail Federation has argued that the question of credit card interchange is an antitrust matter that belongs with the House Judiciary Committee and not a matter of income for financial institutions.

The National Retail Federation is celebrating the introduction of a measure which is designed to force both sides of the card interchange fight to settle their differences or face arbitration by the courts.

WASHINGTON -- NCUA Board Chairman JoAnn Johnson told the House Financial Services Committee that 30% of credit unions would face higher capital requirements under a risk based capital system than they do now.

WASHINGTON -- NCUA Chairman JoAnn Johnson was the only credit union witness to offer her statement before the regulatory relief for credit unions hearing recessed for twenty minutes to allow members to vote.

WASHINGTON -- Senior officials from the Small Business Administration, White House, and the Department of the Treasury met yesterday with executives from major national banks to discuss small business credit in the current economy.

WASHINGTON -- Representative Jeb Hensarling (R-Texas), an opponent of credit unions on a number of issues, told today's hearing before the House Financial Service Committee regulatory reform for credit unions that he has become a member of a credit union.