Saying that it would be "another important step in increasing access to capital for our nation's small businesses in these uncertain times," NAFCU urged members of the Senate to take up a measure to increase the cap on member business loans.

Like the Wizard of Oz, the Federal Reserve is shrouded in mystery and does its work in a big building and often operates without much transparency.

Thanks to the voters' decisions earlier this month, after a two-year hiatus we will be able to find out.

Massachusetts Commissioner of Banks Steve Antonakes, whose office also regulates state-chartered credit unions, was named today to lead the team setting up the depository institution supervision at the new Consumer Financial Protection Bureau.

CUNA President/CEO Bill Cheney announced today that his association is going to commission a quick external analysis of the industry's needs and create a committee to formulate additional proposals.

NCUA Chairman Debbie Matz and two other top government officials announced an initiative aimed at increasing financial literacy and financial planning.

Following requests from some corporate and natural person credit unions, the NCUA today announced it was extending the deadline for submitting business plans for corporate credit unions until March 31.

The NCUA plans to issue projections for the range of costs to credit unions next year for shoring up NCUSIF and repaying part of the Treasury Department's loan to the Temporary Corporate Credit Union Stabilization Fund at its Nov. 18 meeting.