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SBA Backs Repeal of 1099 Reporting

By Michelle A. Samaad

In an open letter to small business owners, SBA Administrator Karen Mills described requirements that small businesses report all transactions greater than $600 as "burdensome," and called for their repeal.

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Treasury Point Person on CUs to Leave

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CDs OK in Constitution Transfer

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Regulatory & Compliance Stories

November 21, 2010

Georgia Central Considered As Southwest Merger Partner

The $2.3 billion Georgia Central Credit Union may be the apparent front runner or leading choice to take over the NCUA-conserved Southwest Corporate Bridge FCU of Dallas.

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November 21, 2010

Constitution Takeover To Take Ninety Days

The operations takeover of the soon-to-be liquidated Constitution Corporate Federal Credit Union by the also NCUA-conserved Members United Bridge Corporate FCU should take 90 days.

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November 18, 2010

Firm Rolls Out Loan Portfolio Review Product

FI Compliance Solutions, a risk management firm headquartered in Philadelphia, has announced a product that it says will allow CUs to review their loan portfolios in real time.

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November 17, 2010