Credit Union National Association News
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Americans are finding it easier to borrow from banks, supporting consumer spending and business investment and helping fuel employment just as U.S. government budget cuts start to take hold.
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U.S. Senator Elizabeth Warren said her Republican colleagues should stop arguing over “settled decisions” and confirm Richard Cordray to lead the Consumer Financial Protection Bureau.
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U.S. House Speaker John Boehner said one of his “highest” priorities is to overhaul the U.S. tax system.
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Brian Moynihan was impatient. It was August 2011, and the Bank of America Corp. chief executive officer was reviewing plans to impose a $5 monthly fee on debit- card users.
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A Federal Deposit Insurance Corp. program that expanded safeguards for some business and government bank accounts will probably expire on Dec. 31 after the U.S. Senate failed to advance a proposal for an extension.
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Congress should raise the lending limits for credit unions because it would help small businesses and create jobs, said Bill Cheney , president and chief executive officer of the Credit Union National Association .
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Credit unions attracted more than 40,000 new account holders last week during the so-called Bank Transfer Day, according to a Washington-based trade group.
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Voter frustration over the economy and dissatisfaction with Washington returned control of the U.S. House of Representatives to Republicans and strengthened the party’s hold on the Senate.
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Target Corp. took some flak for opening stores on Thanksgiving because doing so would give employees less celebrating time with their families. Still, the 9 p.m. start attracted more parents and their kids.
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The U.S. housing finance system needs an overhaul to reduce the role of government and taxpayers’ losses, Treasury Department Undersecretary Jeffrey Goldstein said today.
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