Washington DC

Week ahead: Pandemic pushes GAC online

03/01/21

The Credit Union National Association’s Governmental Affairs Conference, normally the industry's biggest annual event, will be held this week in a virtual setting, a change that would have seemed unthinkable one year ago.

[more]

When rioters attacked the Capitol, these payment companies were quick to respond

01/15/21

Some companies cut off the flow of cash to insurrectionists, while others put a halt to their political spending. Their actions came quickly after the events of Jan. 6.

[more]

Treasury Department FCU gets field-of-membership expansion

12/04/20

The Washington, D.C.-based institution could see its membership grow by as much as 72% now that federal regulators have approved the move.

[more]

$100K and a dream: College senior plots student-run credit union

11/18/20

A group at George Washington University has been working to open a de novo institution to serve students, but the would-be institution faces a variety of hurdles before it can open its doors.

[more]

Federal Reserve expands MLF program to allow more issuers to participate

06/03/20

All U.S. states will be able to have at least two cities or counties eligible to directly issue notes to the Municipal Liquidity Facility program regardless of population.

[more]

Fed muni program open for business

05/18/20

Kent Hiteshew, who was recently hired by the Fed to help with the municipal market, said the Municipal Liquidity Facility opened Monday.

[more]

Bipartisan scolding of FASB chief raises lender hopes of softer CECL

01/16/20

Lenders grew more optimistic that Congress will undo or narrow the loan-loss accounting standard after members of a House subcommittee assailed Russell Golden for approving the rule without studying its impact on credit availability.

[more]

Bank planned in nation's capital secures FDIC approval

01/10/20

Organizers of Founders Bank in Washington are still need to raise at least $25 million before opening.

[more]

SBA pursues legislative fix to revive its Express program

11/27/19

The Small Business Administration has told lawmakers it can reinvigorate its streamlined guarantee program by nearly tripling the maximum loan size. So far, Congress has been mum on the idea.

[more]