Regulatory & Compliance

Those with jobs made slightly more money in January, spent a little more and saved more than they had in a long time, the Commerce Department announced today.

WASHINGTON -- Executives with the U.S. Treasury's CDFI Fund announced that certified community development credit unions will not need to show matching funds in order to qualify for grants from the CDFI fund, at least through 2010.

In another attempt to aid the ailing banking giant Citigroup, the government announced today that it will buy more stock in the company and increase the amount of its ownership from 8% to 36%.

Saying that the increases in bank failures have caused a strain on the insurance system, the FDIC today announced a 7 basis point increase in premiums starting next year.

Hoping more funding will help the Securities and Exchange Commission weed out fraud more, President Barack Obama has proposed increasing the agency's 2010 budget by 13%.

The National Federation of Community Development Credit Unions is celebrating the Obama Administration's proposal to double the amount of money appropriated to the U.S. Treasury Department's CDFI Fund.

A payday loan program offered by the $814 million Nevada Federal Credit Union has started to draw the attention of the mainstream press.

OSU Federal Credit Union CEO Rick Hein testified on Aug. 4 before the U.S. House Subcommittee on Finance and Tax on how credit unions can help small businesses access capital.