Credit Unions Hang Tough, See Surge in Deposits

Date: 22 Jun 2010 | posted in: Banking | 0 Facebooktwitterredditmail

In the perilous aftermath of one of the worst financial disasters in U.S. history, one might expect credit unions — which, after all, are mostly tiny by the standards of the banking industry and operated on a cooperative, not-for-profit basis — to be struggling. But data from the last 18 months show that the country’s 7,600 credit unions are in fact outperforming big banks and rapidly expanding their market share. … Read More

Five Reasons the Carper Amendment Must Be Defeated

Date: 18 May 2010 | posted in: Banking | 0 Facebooktwitterredditmail

One of the more menacing amendments circling the financial reform bill is a proposal by Senator Tom Carper (D-DE) that would bar states from enforcing consumer protection laws against national banks and would make it easier for banks to claim immunity from state laws they don’t like.… Read More

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