News

Congress Returns
April 16, 2012 Congress Returns Congress returns from a two-week spring break today with some big votes on tap. The Democratic-led Senate expects to vote on a “Buffett rule” measure by Sen. Sheldon Whitehouse, D-RI. It would slap a minimum 30% income tax … Read More →

More Business Lending Would Challenge Credit Unions
April 16, 2012 More Business Lending Would Challenge Credit Unions Fitch Ratings announced on Friday that it opposes legislation in Congress that would raise credit unions member business lending from the current limit of 12.25% to 27.5%.  Fitch said that limited experience and lack … Read More →

Events

Responsibilities of the Board Secretary Including Electronic Board Package Considerations
May 9, 2012 Monday, July 30, 2012        3:00 pm – 4:30 pm In a dynamic industry involving corporate governance, compliance, and director liability, the role of Board Secretary is more than critical.  Regulatory agencies (and potentially legal counsel) will scrutinize recordkeeping, the Board … Read More →

New IRS Rules for Interest Reporting on Nonresident Alien Accounts: Effective with 2013 Tax Year
May 9, 2012 Friday, July 27, 2012          11:00 am – 12:30 pm Please Note:   This is a morning webinar. Effective with the 2013 tax year financial institutions will begin to report interest on many of the nonresident alien customers on IRS form 1042-S.  … Read More →

Alerts

Credit Union MBL Bill on the Fastrack; Contact your Senators TODAY!
April 19, 2012 Credit Union MBL Bill on the Fastrack; Contact your Senators TODAY! S.2231, the new bill that would expand credit unions member business lending, has been put on a fastrack in the US Senate.  It is expected to be brought to the … Read More →

Consumer Financial Protection Bureau to pursue discriminatory lenders
April 19, 2012 Consumer Financial Protection Bureau to pursue discriminatory lenders The Consumer Financial Protection Bureau (CFPB) announced that it will use all available legal avenues, including disparate impact, to pursue lenders whose practices discriminate against consumers. The Bureau stated in a press … Read More →

Blog

PACB Foundation Scholarship Winners Announced
May 11, 2012 The PACB Foundation was organized in 1994 to provide funds for the advancement of educational endeavors. The Scholarship Fund is the keystone of the Foundation’s educational mission, and actively invests in the futures of driven and community-minded young scholars. The … Read More →

Coatesville: A City Full of Potential
May 11, 2012 Coatesville, a once thriving city nestled in Chester County has had its fair share of struggles. For many years, the city’s businesses and residents were largely dependent on Lukens Steel as an industry and as the primary employer in the … Read More →