Archive for June, 2009
Congressmen James Sensenbrenner Jr. (R-Wis.) and Jason Chaffetz (R-Utah) in a Friday letter urged their republican colleagues not to cosponsor legislation that would allow merchants to renegotiate interchange fees with financial institutions.
National Credit Union Administration Chairman Michael Fryzel commemorated the 75th anniversary of the signing of the Federal Credit Union Act by giving “recognition and thanks to the millions of American consumers who have made the credit union industry a success.”
Following the Independence Day district work period, Congress is expected to resume its work on financial regulatory restructuring with House Financial Services Committee hearings on the role of the Federal Reserve, derivatives, and general testimony from financiers and leading academics tentatively scheduled for the coming weeks.
While you’re pinching pennies during the recession, scammers keep finding innovative ways to pick your pocket.
Attendees of the 2009 America’s Credit Union Conference in Boston pledged their “True Commitment” to credit unions by adding their signature to a signature wall in the ACUC exhibit hall.
Arizona State CU will offer emergency financial assistance to state and university employees who could be without paychecks if the state budget is not resolved.
Credit unions in Maine and Texas reported that recent scams have targeted their members.
A team of youth who reached out to more than 500 young San Franciscans to teach them about financial literacy is passing its responsibilities to a new team of youth charged with teaching their peers about money.
June 29, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the Colorado Credit Union Real Estate Network (CUREN) in Denver, Colo., June 23, 2009. The event focused on promoting ideas and solutions that reinforce continuing mortgage lending opportunities for credit unions. Hood stressed that credit unions should seize this opportunity to engage in responsible mortgage lending, emphasizing the importance of pre- and post-purchase counseling as well as rent-to-own strategies that provide the financial education necessary to eventually sustain homeownership.