Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
Middle-class families walking a tightrope with little savings @pewresearch HT @CNNMoney http://t.co/Pfu2KHASZa
16 hours ago
.@CUNA's @SchenkMike on @federalreserve meeting: http://t.co/Ry39vjWdA1
16 hours ago
#creditunion cites prize-linked savings success in @WSJ http://t.co/3CXupUMx5d
18 hours ago
.@CFPB proposes mtg rule changes 2 facilitate responsible lending by small creditors, esp. in rural/underserved areas.http://t.co/sn6PnlS0EB
20 hours ago
#NewsNow Apple Pay interest booming at CUs, Western Union joins http://t.co/LsaoOYzAPx
21 hours ago