WASHINGTON -- Sen. Bob Corker, a key Senate architect of the regulatory restructuring legislation, said today that it is more important that a new consumer regulator have sufficient authority than whether it is an independent agency.

The country's economic difficulties took an acute toll on individuals and businesses last year as the number of filings for bankruptcy rose by 31.9%,

George Reynolds, who was NASCUS' chairman from 2007-2009, will retire from his post as senior deputy commissioner of the Georgia Department of Banking and Finance at the end of the April.

Community Development Financial Institutions need more money to meet the demands of the low-income communities that were disproportionately hurt during the recent economic downturn.

Online fraud schemes and malware are now aimed well beyond big banks and online merchants as crime syndicates seek victims, according to the Anti-Phishing Working Group.

Credit unions had $235.8 billion in outstanding consumer credit in January, down from the revised figure of $237.2 billion in December, according to data released by the Federal Reserve.

Lawmakers representing 22 states and the District of Columbia have signed up as honorary race chairs of the Cherry Blossom Run.

Taxing credit unions would "likely damage the overall economy" and not raise substantial revenue, two conservative organizations and a Hispanic advocacy group wrote a presidential panel.