Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Dodd Lack of foreclosure help may spark more legislation
WASHINGTON (11/14/08)—Growing frustration with the pace of voluntary mortgage foreclosure mitigations may spark more legislation, according to the remarks of two key lawmakers this week. Senate Banking Committee Chairman Christopher Dodd (D-Conn.) said Thursday that he was speaking for himself and others in relating that more progress is needed “from our friends in the financial sector” in foreclosure mitigation, affordable lending, and curbing “excessive compensation.” He added that if such progress was not soon apparent, his panel stood ready to prepare legislation to address the gap. Dodd made his remarks at his committee’s hearing titled “Oversight of the EESA: Examining Financial Institution Use of Funding Under the Capital Purchase Program” On the House side, the chairman of the Financial Services Committee, Rep. Barney Frank (D-Mass.) has cited his perception of a lack of cooperation from mortgage providers in working out troubled loans. He also suggested Congress should consider legislation that could make renegotiating troubled loans easier.
Other Resources

RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
12 24 ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
12 23 ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
12 23 ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
12 23 ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
12 23 ago