Category Archives: Credit Unions

Could Website-Accessibility Guidelines Be Written in the Future?

Website Accessibility

The DOJ Civil Rights Division is currently reviewing comments about a possible rule regarding website accessibility for people with disabilities. What might it mean to you?

The Small Business Authority made three attempts to speak with officials at the Civil Rights Division of the Department of Justice about the rule. The public-affairs office did not respond to requests for an interview with an official. Instead, the public-affairs office said the department collected the information and is going through it.

The Small Business Authority on The Cap on Credit Unions

This week on our blog, we discuss the reason why the government blocks credit unions from lending more to small businesses.

Hint: It’s the banking lobby.

Click here to read about a way to “Jump Start Small-Business Lending at Zero Taxpayer Cost.

Senate Rejects Swipe-Fee Rule Delay

Senate rejects swipe-fee rule delay

The U.S. Senate failed to pass an amendment yesterday that would have delayed the implementation of the Federal Reserve’s debit-card swipe-fee rule, according to Bloomberg.1

Sen. Jon Tester, D-Mont., proposed the delay in an amendment to the Economic Development Revitalization Act of 2011. Senators voted the amendment down 54-45.

The Debit Card Interchange Fees and Routing rule is expected to cap debit-card swipe fees at 12 cents per transaction. The Fed missed its April 21 deadline to complete the rule, which is scheduled to take effect July 21.

The Lowdown on Small-Business Lending With Peter Downs—Part Two

In part one of this two-part interview, Peter Downs, President of Business Lending at The Small Business Authority, shared about small-business lending and the ability of nonbank lenders like The Small Business Authority to accommodate small-business owners seeking loans.

Part two of the interview delves further into the small-business loan process, providing a glimpse at what applicants can expect as well as how The Small Business Authority’s unique relationship with community banks across the country comes into play.

Many business owners seeking loans may prefer to work directly with their community credit unions, because they’d prefer to support the little guy. What would you say to someone with that motivation?