Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
House TARP hearing postponed
WASHINGTON (1/6/09)—A Jan. 7 hearing to review the U.S. Treasury Department's to-date use of the $700 billion in Troubled Asset Relief Program funds scheduled by the House Financial Services Committee has been postponed. In a release, Rep. Barney Frank (D-Mass.), chairman of the committee, gave no reason for the delay but did say he would announce a new time and date for the hearing. A witness list had not yet been made public. Frank has been critical of some aspects of the Treasury’s implementation of the TARP program, and even recently questioned specifically the impact on credit unions of that department’s choice not to use TARP funds to purchase troubled assets. (See related story: Frank wants CUs to have relief source.) The committee’s Jan. 9 hearing on the Federal Housing Administration's oversight of home mortgage loan originators remains on the schedule.


RSS print
News Now LiveWire
New Calif law OKs e-filng of weekly deposit reports, eases #creditunion stressor See #NewsNow http://t.co/slhaUDNdYH
20 minutes ago
CU-supported Ruben Gallego won Dem primary for congressional seat in Ariz's 7th District v. better-know opponent. http://t.co/WXDugmNsOj
1 hours ago
.@TheCCUL names 6 finalists for @CUaware Protege competition. See #NewsNow Wed
17 hours ago
Starting w/FHA-insured mortgages closed on/after 1/21/2015, interest payments will stop on date prepayment is made in full. See #NewsNow Wed
17 hours ago
.@FreedomCUinPA has awarded 4 teachers $500 each for being voted 95.7 BEN-FM's Teacher(s) of the Month.
18 hours ago