http://bankcreditnews.com Daily News on Commercial Lending & Consumer Credit Mon, 20 May 2013 17:59:21 +0000 http://backend.userland.com/rss092 en-US E-commerce firm Merchant e-Solutions announced last week the SuiteApp, a new reconciliation app to be used with NetSuite’s SuiteCloud Computing Platform that will allow merchants to more easily reconcile credit card payments in one central location. The addition of the … Read More...]]> http://bankcreditnews.com/news/merchant-e-solutions-announces-app-to-help-merchants-reconcile-credit-card-payments/10377/ Source Financial announced on Friday that WikiPay Payment Network, a mobile and online cash-based money transfer and payment platform, is now available to consumers. The platform allows consumers to send money for a $1.00 fee on any mobile device or … Read More...]]> http://bankcreditnews.com/news/source-financial-unveils-wikipay-mobile-online-payment-and-transfer-platform/10372/ Mountain America Credit Union recently introduced the MyExpress Debit card that provides cardholders with the same benefits as a prepaid card, minus monthly deposit and maintenance fees. The Visa-branded card allows members to deposit and spend only what they require, … Read More...]]> http://bankcreditnews.com/news/utahs-mountain-america-credit-union-unveils-myexpress-debit-card-that-acts-like-prepaid/10368/ The National Credit Union Administration recently expressed support for President Obama’s move to nominate former Oregon State Sen. Rick Metsger to fill a vacant seat on the three-member board. Metsger, who is currently the president of Parakletos Strategic Public Affairs, … Read More...]]> http://bankcreditnews.com/news/ncua-expresses-support-for-obama-nomination-of-former-sen-rick-metsger-to-its-board/10363/ Sen. Mark Udall (D-Colo.) introduced a bill on Thursday that would raise the credit union member business lending cap, a move advocated by the National Association of Federal Credit Union’s five-point plan for regulatory relief. S. 968, the Small Business … Read More...]]> http://bankcreditnews.com/news/sen-mark-udall-introduces-bill-to-raise-credit-unions-member-business-lending-cap/10357/ Michael S. Gibson, the director of banking supervision and regulation at the Federal Reserve, recently said that while regulators have made substantial progress in resolving systemically important financial firms, cross-border resolution remains an obstacle. Gibson said that while the U.S. … Read More...]]> http://bankcreditnews.com/news/feds-gibson-speaks-on-cross-border-resolution-challenges/10353/ The National Retail Federation called on President Obama on Thursday to work with both parties in the Senate to fill the National Labor Relations Board with “qualified and competent board members.” A U.S. court of appeals voted 2-1 on Thursday … Read More...]]> http://bankcreditnews.com/news/nrf-urges-president-obama-to-work-with-senate-on-nlrb-nominees/10350/ CFPB Director Richard Cordray spoke before the Consumer Advisory Board on Wednesday on agency efforts to make changes in the consumer financial industry, as well as in financial products and services. The CFPB finalized its remittance rule last month, which … Read More...]]> http://bankcreditnews.com/news/cfpbs-cordray-speaks-to-consumer-advisory-board-about-consumer-financial-market/10345/ The House of Representatives voted 416-6 on Wednesday to pass two bills from the Financial Services Committee, including one measure that would establish a rulemaking deadline for the SEC to implement a certain JOBS Act provision. Under H.R. 701, the … Read More...]]> http://bankcreditnews.com/news/house-votes-to-pass-sec-mandatory-rulemaking-deadline-homes-for-heroes-act/10341/ The House Oversight and Investigations Subcommittee recently concluded its review of “too big to fail” on Wednesday, finding Dodd-Frank did little to end TBTF but “enshrined it” instead. “Title II of Dodd-Frank, which created the Orderly Liquidation Authority, made government … Read More...]]> http://bankcreditnews.com/news/house-subcommittee-finds-too-big-to-fail-still-problematic-for-u-s/10337/