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Treasury Report Slams Banks for Misuse of TARP Funds
A scathing report this week from the Treasury’s Special Inspector General takes banks to task for not increasing small business lending through the Small Business Lending Fund as required to repay TARP borrowings. Read More


Cap-Free MBL Natural Disaster Bill Announced
Rep. Carolyn Maloney (D-N.Y.), a senior member of the House Financial Services Committee, announced at this week’s credit union regulatory burden hearing she plans to introduce a bill that would exempt loans from the credit union member business lending cap that are made after federally declared natural disasters.  Read More

Industry Attorney Sees Credit Union Bank Buys Accelerating
Last Thursday’s announcement of the Baltimore-based $1.2 billion Municipal Employees Credit Union’s proposed acquisition of the $61 million Advance Bank in Baltimore is yet another sign that the trend of credit unions buying banks is gaining traction. Read More


Reg Relief Bill Announced For Credit Unions
Rep. Gary Miller (R-Calif.), vice chairman of the House Financial Services Committee, said Wednesday he will introduce legislation to provide regulatory relief to credit unions.  Miller made the announcement during his opening remarks for a hearing on credit union regulatory burden.  Read More

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