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CUNA highlights Banker survey showing readers back MBLs

CUNA queried the American Banker Thursday asking: Based on your publication's own online survey results, why not write about all the banks that apparently have no quarrel with credit unions' member business lending bill?... More

FOMC keeps federal funds rate at 0% to 0.25%

The Federal Reserve's decision to maintain the target range for the Federal Funds Rate at 0% to 0.25% will hurt credit unions' margins, but that will be offset by lower loan-loss provisions, according to a Credit Union National Association economist.... More

U.S. Treasury designates Mid Cities CU as CDFI

Mid Cities CU in Compton, Calif., has been awarded Community Development Financial Institution (CDFI)Certification by the U.S Treasury. Certification allows the credit union to apply for grants from the federal CDFI Fund.... More

CUNA, other trades jointly back cyber-security reforms

The financial services industry is committed to ensuring national cyber-security standards remain strong, and CUNA has joined with the Electronic Funds Transfer Association and other groups to urge members of the U.S. Congress to support legislation that is designed to further protect national security in cyberspace.... More

Mortgage rule relief needed, CU rep tells CFPB

The Consumer Financial Protection Bureau should consider meaningful exemptions for credit unions and other small financial institutions as it develops new mortgage servicing rules, American Southwest CU CEO Brian Barkdull said at a CFPB Small Business Regulatory Enforcement Fairness Act panel discussion held this week in Washington.... More

MBL increase brings choice, credit access: ACI blog

Increasing the credit union member business lending cap "means more competition, greater choice, and increased access to capital," American Consumer Institute Center for Citizen Research President Steve Pociask said in a recent blog post.... More

Senate bill would extend NFIP through Dec. 31

Some good news--temporary though it may be--for credit unions and other mortgage lenders who have been watching the National Flood Insurance Program escape demise through a series of temporary extensions: a new short-term reprieve has been introduced in the U.S. Senate.... More

CUNA, Coopera offer Hispanic Webinar series

Coopera has partnered with CUNA to host a series of webinars for credit unions. The objective is to educate as many credit union leaders as possible on the importance of adapting products and services to meet the needs of Hispanic members. ... More

Lt. Gov. addresses Michigan league GAC

Michigan Lt. Gov. Brian Calley, addressing the Michigan Credit Union League Governmental Affairs Conference in Lansing, Mich., last week, talked about state tax structure, jobs, and credit union member business lending.... More

NEW: FOMC keeps federal funds rate at 0% to 0.25%

WASHINGTON (4/25/12--Filed at 1:15 p.m. ET)--The Federal Open Market Committee (FOMC)--the Federal Reserve's monetary policymaking group--voted to maintain the target range for the federal funds rate at 0% to 0.25% at its meeting concluded today. The FOMC also said there are likely to be very low levels for the federal funds rate at least through late 2014.... More

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