Regulatory & Compliance

With a Senate debate and a presidential town hall meeting on the subject, proposed changes to the rules regarding credit cards will receive considerable attention this week.

A House subcommittee plans to discuss efforts to stabilize the corporate credit unions at a hearing on Wednesday May 20.

Jury selection is beginning today in a Madison, Wis. courtroom in the trial the IRS' interpretation of the unrelated business income tax with regard to credit unions.

The Central Liquidity Facility would continue to be able to borrow up to $41.5 billion from the Treasury Department under the Obama administration's budget request submitted to Congress last week.

President Obama today spelled out the details of his $4.3 trillion budget, including $17 billion worth of spending cuts.

Executives with card processors and CUSOs that issue pre-paid gift cards are mustering opposition to a Senate measure which, they say, would close down much of the pre-paid gift card issuing in the U.S.