WASHINGTON (9/17/14 UPDATED 2:27 p.m. ET)--The Federal Open Market Committee said in today's policy statement that quantitative easing, a tool the Fed has used to stimulate the economy since the economic downturn in 2008, likely will be entirely phased out next month.
Members of the Senate Banking Committee expressed their concerns with over-regulation and its effects on small financial institutions such as credit unions during a hearing Tuesday.
CUNA is again turning to its member credit unions to help assess the costs of retailer security breaches--this time regarding the massive compromise of card information at Home Depot.
A joint letter signed by 16 financial trade organizations, including CUNA, has been sent to Consumer Financial Protection Bureau Director Richard Cordray.
Rep. George Holding (R-N.C.) encouraged the National Credit Union Administration to open a second comment period for its risk-based capital proposal in a letter sent Tuesday.
Those interested in a legislative and regulatory look at the financial services landscape can still register to view today's
online forum, sponsored by CUNA.
Credit unions feel the burden of heavy regulation as much as banks, according to a Sept. 15
Business Courier of Cincinnati Online
Consumers have fewer choices in checking accounts, according to a study by Moebs $ervices, but the type offered by credit unions is the most in demand: free.
The daily online news publication from CUNA--
--is soliciting comments from its readers.