January 2011
Credit Union Journal;1/31/2011, Vol. 15 Issue 5, p11
Trade Publication
The article offers updates related to the involvement of the government in credit union business in the U.S. The proposal of the Federal Reserves to cut interchange fees on debit transactions by 70% could have negative impact on the finances of some credit unions. The Financial Accounting Standards Board (FASB) has withdrawn its controversial plan which requires credit unions and banks to report all of their financial instruments and loans.


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