At issue is Section 1075 of the Dodd-Frank Act, the Interchange Amendment, which lacks any enforcement mechanism to protect small issuers such as CUs. READ MORE
Reps. Ed Royce (R-Calif.) and Carolyn McCarthy (D-N.Y.) introduced the legislation, which will provide much-needed business financing at no cost to taxpayers. READ MORE
CUs can expect to face three major regulatory compliance issues this year: safety and soundness, fair lending, and Unfair Deceptive Abusive Acts and Practices. READ MORE
Political science professors have been known to tell this joke to their first-year students. Recently, Congress has done an excellent job of living up to the spirit of that joke. READ MORE