Merkley Asks SEC to Investigate Wells Fargo Following Senate Inquiry

The Oregon Senator was joined by Sen. Elizabeth Warren and Sen. Robert Menendez in writing to the Securities and Exchange Commission to find out if the bank misled investors or violated whistleblower protections.

Digital Campaign Connects Main Street to Congress with ‘Don’t Tax’ Message

A digital campaign spread over 100 websites will connect Main Street consumers to Congress through a simple message: “Don’t Tax my Credit Union.” The NWCUA launched the month-long campaign this week.

Northwest Credit Unions Step Up to Loan to Main Street Businesses

Northwest credit unions grew their member business lending category 7.5% in Q1. Still, more than 500 credit unions nationally are at or nearing the 12.25% Congressionally-imposed lending cap. Meanwhile, the nation’s largest banks, facing fewer regulatory limits, hold onto the lion’s share of the market.

Bank Transfer Day Picks Up Steam as Northwest Credit Unions See Increased Web, Lobby Traffic

Bank of America’s decision to hike debit card fees, a fast-growing Facebook page promoting Bank Transfer Day, and the continued Occupy movement seem to be spurring membership growth among Northwest credit unions.

BSA, ACP, CIP & U

Treasury’s guidance allows credit unions to honor crime victims’ wish to keep their addresses secret, while also complying with Bank Secrecy Act provisions.

NCUA Eliminates Wall Street Ratings As Benchmark For CU Investing

The proposal would replace these ratings with either narrative standards or a credit union’s own internal standard.

Warren Sees May Testing of Mortgage Forms

The CFPB will begin testing prototype model mortgage forms against existing laws, according to its head.

U.S. Government Places Wall Street on Hook for $50 Billion in Corporate CU Losses

Clearly placing the nation’s financial crisis in the laps of Wall Street bankers, The National Credit Union Administration (NCUA) is threatening to sue several investment banks for their role in packaging bonds backed by poor quality mortgage securities.

Explaining the Credit Union Difference in One Taxi Ride

Frank J. Diekmann ponders a new standard for explaining the credit union difference to his taxi driver in New Orleans.

Regulators Close Spokane Credit Union

News began to emerge Friday that regulators were in Spokane to close $11 million The Union Credit Union, which slipped below an allowable net worth.

Heard and Overheard June 15, 2010

Voices of the credit union movement, in Washington and beyond.

Filene Seeking 17 new members for Exclusive i3 Innovation Program

Do you have what it takes to fill one of the 17 seats available on Filene’s i3 innovation program?