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.

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.

Federal Appeals Court Decision Could Delay the Implementation of Several Dodd-Frank Wall Street Reform and Consumer Protection Act Regulations

An improperly conducted cost-benefit analysis could delay the implementation of several regulations.

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.