Saying credit unions should not be discouraged from accepting deposits for fear of their negative impact on capital, NCUA Chairman Debbie Matz today urged Congress to give credit unions more options in accepting outside capital.

On a critical week for credit unions on Capitol Hill, CUNA is brining in the reinforcements.

Saying credit unions would face additional compliance burdens, CUNA and NAFCU urged lawmakers to enact legislation to delay the implementation of a ban on Internet gambling for one year.

The package of bills aimed at restructuring the way the government regulates financial services represents a big step in the right direction, two members of the House Financial Services Committee said today at a breakfast co-sponsored by CUNA.

Federal Reserve Chairman Ben S. Bernanke told lawmakers today that his agency's actions had helped avoid making the recession worse, though conceded that they could have done more.

Credit unions and banks would be encouraged to make small loans to low-income consumers by the creation of a fund to help them recover the majority of a lost loan, under a bill introduced today by Sen. Herb Kohl (D-Wis.).

Rep. Paul Kanjorski (D-Pa.) urged House Speaker Nancy Pelosi to include the provisions of his bill to lift the cap on member business lending from 12.25% to 25% in any job-creation bill that the House considers.

The NCUA spends too much money.