Billionaire investor Warren Buffett said today that Congress may need to pass another measure to jumpstart the economy and criticized the effectiveness of the measure lawmakers enacted earlier this year.

The CEOs of two rural credit unions explained to lawmakers today how they have been helping their members through difficult times and said they could do even more if Congress would let them make more business loans.

Credit unions filed 9% more Suspicious Activity Reports last year, according to data released by the Treasury Department.

A House subcommittee has recommended that the Central Liquidity Facility borrowing authority be set at $40 billion and not subject to a cap.

Credit unions had $236.8 billion in outstanding consumer credit in May, up from $235.8 billion in April, the Federal Reserve reported today.

CUNA terminated 18 people in its Madison office last week as part of a previously announced cost-cutting plan.

Federal credit unions could be subject to additional subpoenas for information from state attorneys general as a result of a U.S. Supreme Court decision issued last week.

Assistant Treasury Secretary Michael Barr told lawmakers today that the proposed agency to regulate financial products would help credit unions and not add more regulation.