Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Russias president signs CU microfinance bill
MOSCOW (7/6/10)--Russian President Dmitry Medvedev has signed a bill into law that aims to create a legal framework for microfinance institutions, including credit unions. The law comprises government regulation of the microfinance industry and terms of microloans (Prime-TASS News July 2). Under the law’s provisions, credit unions--and banks, pawnbrokers, savings and loan associations and other entities--can provide microloans. Microfinance institutions will not be allowed to do microloan business with a borrower if, as a result, the borrower’s microloan debt to the institution would exceed one million rubles, or $34,770.


RSS print
News Now LiveWire
Reminder: @TheNCUA's Listening Session tomorrow in Chicago. Capacity crowd expected for meeting at 1 p.m. CT. http://t.co/FYYuoHCdVJ
4 hours ago
Mortgage apps up 1.9% in @MBAMortgage's weekly survey http://t.co/QBzKWdnRkH
5 hours ago
Manage your household budget with these 5 @SavvyMoney tips from @MCUA_news's Halley Abbott on @FOX2now http://t.co/qaXIbnNktt
6 hours ago
Wash state's marijuana market open but still short of FIs to serve it via @NWCUA http://t.co/qwxCVEZbPG
6 hours ago
.@AnheuserBuschCU, @ScottCU, @betterwaytobank, @FirstCommSTL on @stltoday's best workplaces list http://t.co/8yR4GcZkya.
7 hours ago