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Advisory report triggers Wisconsin fight
Banker News Clips, September 2, 2010
The report from President Obama’s Economic Recovery Advisory Board that mentioned taxing credit unions has sparked a flare up in the ongoing fight between banks and credit unions in Wisconsin...
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Fewer Wisconsin banks are unprofitable, FDIC reports
Banker News Clips, September 1, 2010
More Wisconsin banks posted a profit in the second quarter, but lending remained slow in the state and nationwide, a report released Tuesday by regulators shows...
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Bank earnings, other measures improving
WBA Executive Letter, September 1, 2010
Banking conditions in Wisconsin have further stabilized and the improving trend lines put banks in a solid position to help businesses grow out of the weak economy. That is what WBA told the media yesterday after the FDIC released second quarter...
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Presidential Panel: Tax Credit Unions
WBA Press Release, August 31, 2010
Eliminating the credit union industry’s corporate tax exemption would “raise revenue and level the playing field,” according to a comprehensive report issued yesterday by the President’s Economic Recovery Advisory Board (PERAB)...
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New overdraft fee rules could cost banks revenue
Banker News Clips, August 31, 2010
The loss of revenue from overdraft fees will cost some of the largest nationwide and super-regional banks doing business in Wisconsin hundreds of millions of dollars...
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Presidential Commission: Tax Credit Unions
WBA Alert, August 30, 2010
In its final report, the President’s Economic Recovery Advisory Board included taxing credit unions as part of its recommendations to...
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As politicians fight, businesses wait for a ‘go’ sign
Banker News Clips, August 30, 2010
Economists and business owners say they’ve never seen anything like it: The Bush tax cuts are expiring, health care reform is confusing, deficits are exploding, cap-and-trade is looming...
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Compliance Journal
August 2010
Read "Special Focus" for articles on the S.A.F.E. Act final rules, and part four of the State Legislative Update. Next check "Judicial Spotlight" for a case concerning rights and obligations of guarantors in foreclosure actions. Then turn to...
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Van Hollen Obtains Judgement Against California Broker
WBA Alert, August 27, 2010
A default judgment of $111,861 was obtained by the Wisconsin Department of Justice against California-based Relief Law Center, Inc. for violating Wisconsin’s consumer protection laws...
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Harvard prof top pick to lead consumer bureau
Banker News Clips, August 27, 2010
Elizabeth Warren is the leading candidate to head the new Bureau of Consumer Financial Protection. The Harvard Law School professor...
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Improving your credit score
Banker News Clips, August 26, 2010
Your credit score has become an integral part of “who you are” when it comes to borrowing money. We all generally know that the higher the score, the better...
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Profit falls at many state credit unions
Banker News Clips, August 25, 2010
Six of Wisconsin's 10 largest credit unions had lower net income in the first half of 2010 than in the same period last year...
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M&I, Associated selling bad loans to trim losses
Banker News Clips, August 24, 2010
Call it the banks’ own toxic asset relief program. The two largest Wisconsin-based banks – M&I and Associated – have sold about $2.5 billion combined in delinquent loans...
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Modifying mortgages helps homeowners
Banker News Clips, August 23, 2010
Pasquale and Jeannie Gebbia have been worried about losing their home to foreclosure. Although they’re current on the monthly payments...
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WBA To CUs: Focus on underserved
WBA Executive Letter, Aug. 23, 2010
“If you surveyed taxpayers on the fact that credit unions score below banks in serving lower income consumers and that even the largest don’t pay a dime of state or federal corporate income taxes, I wonder how high the percentage demanding...
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