Monday, July 23, 2012

VSECU Ponders Switch to Federal Charter in ‘Bank’ Ad Dispute

State regulator calls for cease and desist order..The $600 million Vermont State Employees Credit Union, which is embroiled in a legal challenge over the use of the term “banking” in its advertising, appealed Friday for member and public support for its cause, warning an unfavorable outcome could lead to a switch to a federal charter...VSECU Ponders Switch to Federal Charter in ‘Bank’ Ad Dispute:

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Fed will have "work to do" if inflation doesn't fade, Warsh says in Jackson Hole speech

Federal Reserve Chairman Kevin Warsh reaffirmed the central bank's commitment to lowering consumer prices, acknowledging that inflation ...