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May 20, 2013 -
ALEXANDRIA, Va. (May 16, 2013) – The National Credit Union Administration (NCUA) today assumed control of First Kingdom Community Federal Credit Union of Selma, Ala.
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May 20, 2013 -
PALO ALTO, Calif. (5/20/13)--Credit unions and community banks aren't doing themselves any favors in negotiating information technology (IT) service provider contracts, according to a survey of executives about their top...
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May 20, 2013 -
WASHINGTON, D.C. — The Consumer Financial Protection Bureau today ordered a Texas homebuilder, Paul Taylor, to surrender more than $100,000 he received in kickbacks for referring mortgage origination business to Benchmar...
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May 16, 2013 -
WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) launched its Spanish language website. The website, which is optimized for mobile use, provides access to essential consumer resources such as how ...
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May 16, 2013 -
The Oversight and Investigations Subcommittee continued its review of the Dodd-Frank Act’s failure to end “Too Big to Fail” with a hearing on Wednesday that focused on the Act’s bailout regime.
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May 15, 2013 -
Central Arizona Bank, Scottsdale, Arizona, was closed today by the Arizona Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, th...
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May 14, 2013 -
ALEXANDRIA, Va. (May 14, 2013) – The National Credit Union Administration today issued its Annual Report, which highlights the agency’s activities and accomplishments in 2012.
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May 14, 2013 -
May 14, 2013 – Total retail sales in April grew 0.1 percent, and NAFCU Staff Economist Curt Long said that although the sequester has not yet affected wage and employment levels, he expects it to be a drag on consumers i...
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May 13, 2013 -
May 13, 2013 – Lawmakers in the House and Senate last week issued statements and proposed bills to address the debts of student borrowers as the CFPB released its report on student loan affordability.
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May 13, 2013 -
Sunrise Bank, Valdosta, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entere...
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May 13, 2013 -
Pisgah Community Bank, Asheville, North Carolina, was closed today by the North Carolina Office of the Commissioner of Banks, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the d...
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May 10, 2013 -
NEW YORK (5/10/13)--While Facebook remains the most popular overall social network for personal use, LinkedIn's focus on business makes it the top platform for work-related issues--especially in the world of finance, acc...
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May 10, 2013 -
May 10, 2013 – House Ways and Means Chairman Dave Camp, R-Mich., and Senate Finance Chairman Max Baucus, D-Mont., on Thursday launched TaxReform.gov to garner input from the public on tax reform.
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May 10, 2013 -
While a college degree can be a key to the American dream, for many Americans, unmanageable student debt has turned into a nightmare. There appears to be growing consensus that unmanageable debt burdens are not just a pr...
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May 9, 2013 -
May 9, 2013 – Freddie Mac on Wednesday posted a first-quarter net income of $4.6 billion, which is slightly higher than last quarter and the second-largest profit in its history.
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May 9, 2013 -
Washington, May 8 - The House Financial Services Committee’s Monetary Policy and Trade Subcommittee heard testimony today on the importance of reauthorizing the Defense Production Act (DPA).
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May 8, 2013 -
Released May 7, 2013
Consumer credit increased at a seasonally adjusted annual rate of 5-3/4 percent during the first quarter. Revolving credit was little changed, while nonrevolving credit increased at an annual rate...
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May 8, 2013 -
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today filed a complaint in a federal district court in New York against two debt-relief service providers that allegedly charged consumers illegal advanc...
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May 8, 2013 -
Washington, May 7 - The House Financial Services Committee today passed bipartisan bills to fix unintended consequences of derivatives provisions in the Dodd-Frank Act, to promote greater accountability at the Securities...
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May 7, 2013 -
WASHINGTON (5/7/13)--A 550-plus page report on tax policy reform created by 11 House Ways and Means working groups and delivered to the Joint Committee on Taxation Monday mentions the credit union tax exemption, as expec...
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May 6, 2013 -
May 6, 2013 – The hacktivist group Anonymous has been warning banking and government websites of its plan for a distributed-denial-of-service attack on May 7 – a threat security experts are taking seriously.
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May 6, 2013 -
ALEXANDRIA, Va. (May 3, 2013) – The National Credit Union Administration (NCUA) today liquidated Lynrocten Federal Credit Union of Lynchburg, Va.
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May 6, 2013 -
WASHINGTON (5/6/13)--The Joint Committee on Taxation (JCT) is expected to deliver its working groups' report on tax policy reform today to the House Ways and Means Committee, which writes tax policy.
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May 3, 2013 -
Total nonfarm payroll employment rose by 165,000 in April, and the unemployment rate was little changed at 7.5 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and busines...
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May 2, 2013 -
Washington, May 1 - Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today regarding the Federal Reserve’s announcement of continued monetary stimulus:
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May 2, 2013 -
Information received since the Federal Open Market Committee met in March suggests that economic activity has been expanding at a moderate pace. Labor market conditions have shown some improvement in recent months, on ba...
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May 1, 2013 -
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today announced that it has assessed a $5 million civil money penalty against RBS Citizens, N.A., for violations of section 5 of the Federal Trade Commissi...
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May 1, 2013 -
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today revised its rule that creates certain protections for consumers who transfer money internationally. The revisions are intended to preserve the new ...
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April 30, 2013 -
WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) updated existing regulations to make it easier for spouses or partners who do not work outside of the home to qualify for credit cards. Today’s ame...
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April 29, 2013 -
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau is issuing a rule to govern the administration of the agency’s Civil Penalty Fund. The CFPB is also releasing a notice of proposed rulemaking seeking pub...