The Federal Reserve's Open Market Committee today is beginning its regularly scheduled two-day meeting to assess the state of the economy and decide whether to adjust interest rates.

Consumers continue to be reluctant to take on additional credit as concerns persist about the pace of economic growth.

ALEXANDRIA, Va. -- Federally insured credit unions that are insolvent, in conservatorship or have ratings of CAMEL 4 and 5 would be prohibited from offering golden parachutes to their executives under a proposed rule.

CHICAGO -- The NCUA won't allow the NCUSIF's equity ratio to fall below 1.2% for long because doing so would be "irresponsible," NCUA Chairman Debbie Matz said at a luncheon address at NAFCU's Annual Conference.

ARLINGTON, Va. -- The credit union model is not sustainable without access to supplemental capital and more ability to make business loans, Co-Op Financial Services President/CEO Stan Hollen told a group of credit union executives.

CHICAGO -- There probably won't be a double dip during the recovery but the probability of one has increased because of the slow rate of increase in job growth and in GDP.

A Supreme Court nomination and energy legislation are taking center stage in the Senate this week, thus putting a job creation bill on the back burner.

Saying that it is "minimally capitalized and there are no reasonable prospects for the credit union to achieve adequate capitalization," the NCUA today announced it was liquidating Kappa Alpha Psi FCU.