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House Members to Introduce Cap on Credit Card Interest

By Claude R. Marx

Interest rates on credit cards could not exceed 18% under the provisions of an amendment to be introduced by four lawmakers on Thursday.

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Corporate Stabilization Included, but Cramdown Out of Senate Housing Bill

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FDIC's Bair Makes Push to Give Agency More Regulatory Power

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Regulatory & Compliance Stories

April 27, 2009

Media Reports Say Specter to Switch Parties

In a move that brings the Democrats a step closer to a 60-seat majority that could enable it to block filibusters, Sen. Arlen Specter (R-Pa.) is expected to cross the aisle and join the majority party, according to several media reports.

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April 26, 2009

NAFCU Offers Webcast on Credit Card Rules

Employees of credit unions with credit card programs can learn about the new regulations on credit cards at NAFCU's Webcast from 2:00-3:30 p.m. EDT. on May 6.

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April 26, 2009

CU Backed Candidate Tedisco Concedes U.S. House Race

James Tedisco, a Republican who was backed by CUNA and the Credit Union Association of New York in a special election to the U.S. House, conceded defeat on Friday, almost a month after the election.

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April 26, 2009

NCUA: Not Confirming Eastern Financial Merger, Exploring Options

NCUA spokeswoman Cherie Umbel told Credit Union Times that it can not confirm that Eastern Financial Florida Credit Union will merge with Space Coast Credit Union.

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April 23, 2009

WOCCU and Basel Chairman Wellink Discuss Capital

If the Basel Committee of Banking Supervision doesn't take financial cooperatives into consideration as it ponders stricter capital requirements, it won't be for a lack of trying.

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April 23, 2009

Eastern Financial Florida CU Placed in Conservatorship

The NCUA said today it has assumed control of the operations of $1.6 billion Eastern Financial Florida Credit Union.

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April 22, 2009

On-Site Coverage: Card Lobbyists Girding for Interchange Amendment

FORT LAUDERDALE, Fla.- Lobbyists working for the card brands are gearing up to fight off any attempt to attach an interchange amendment to card reform legislation currently moving through the House and Senate

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