News Topic: Washington DC

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. ... Read full article

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. ... Read full article

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

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. ... Read full article

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. ... Read full article

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

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. ... Read full article

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

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. ... Read full article

A recent bank failure and a new legislative effort are again drawing attention to the struggles of black-owned banks since the crisis — and the fact that only 21 are left. ... Read full article

Bank groups that lobbied unsuccessfully for the rent waivers credit unions receive now back a bill that would create equal rates for both industries. ... Read full article

Despite a strong economy, volume in the agency's flagship loan program has declined for two straight years. Here's why. ... Read full article

The banking trade group is asking for an en banc rehearing of its field-of-membership challenge before all 17 judges of the D.C. Court of Appeals. ... Read full article

The agency’s Small Business Investment Company program is slumping, and Congress is pressuring its top executive, Joseph Shepard, to get it back on track or step aside. ... Read full article

Caught in the middle of a credit-subsidy debate, the program would have shut down on Tuesday without congressional action. ... Read full article

The Maryland company says two recent deals, including its agreement to buy Revere Bank, gives it the right amount of coverage across Washington's suburbs. ... Read full article

The Pittsburgh company will take a de novo approach to growth around Washington. ... Read full article

Organizers of Silver River Community Bank must raise $17 million before opening. ... Read full article