Since the Troubled Asset Relief Program was authorized, the U.S. Treasury Department has initiated a number of efforts
under the program, disbursing $385 billion for loans and equity investments, according to testimony by the Government Accountability
Most of the practices deemed unfair or deceptive by the Federal Reserve have disappeared from new credit card offers since
federal passage of the Credit CARD Act last year, according to a new report by the Pew Health Group's Safe Credit Cards Project.
Yet new trends have emerged that could cost cardholders significantly.
During 2008, New Orleans Firemen’s Federal Credit Union’s loan portfolio was mired in a slow decline. Loan application
volume was healthy, but too many loans didn’t close due to inadequate employee follow-up, long decision times, and overly
stringent lending guidelines. CU: New Orleans Firemen’s FCU Challenge: Declining loan portfolio Solution:...
CUNA Senior Economist Steve Rick The unthinkable has become routine, Credit Union National Association Senior Economist Steve Rick maintains during a Credit Union Magazine Webinar . Such events have a major impact on the economy and credit unions, he says, namely: The events of Sept. 11; The financial meltdown on...