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
Inside Washington (01/10/2011)
* WASHINGTON (1/11/11)--Having projected that bank failures resulting from the 2008 crisis peaked in 2010, the Federal Deposit Insurance Corp. last month said it was cutting its budget slightly in 2011--but the agency will continue to add staff (American BankerJan 10). The agency’s budget remains at about $4 billion, and it adds 2.5% in staffing. The new positions are temporary, as are 40% of the total 9,252 authorized positions for 2011. With bank failures expected to remain high through at least 2011, the agency is not expected to downsize significantly for at least two years, experts say. The 2010 total of 157 bank failures surpassed the 2009 total of 140, but the cost of the 2010 failures was about $22 billion, compared with $37 billion in 2009. As the failures slow, the agency will increasingly turn its attention to litigation, observers said. Also, FDIC’s list of “problem” institutions still numbers 860 … * WASHINGTON (1/11/11)--The National Credit Union Administration (NCUA) Board has revised the closed Board meeting agenda scheduled for Thursday. The Board unanimously approved deleting item No.1, Insurance Appeals, from the previously announced closed meeting agenda. The revised agenda for the Thursday's open and closed Board meeting sessions is available online here


RSS





print
News Now LiveWire
Watching #SuperBowlXLIX this Sunday? Look for regional #creditunion #commercials @CltMetroCU @BECU @golden1cu #Seahawks #Patriots
15 hours ago
Philadelphia's American Bakery Workers FCU liquidated by @TheNCUA; @trumarkonline assumes shares
15 hours ago
More branch shutterings by @Citi: 4th-largest bank to close 10% of #Chicago area branches HT @CrainsChicago http://t.co/2vAvgucLY5
16 hours ago
56% struggle with subprime credit scores says @cfed survey HT @washingtonpost http://t.co/RHmMvuhNtw
17 hours ago
How to use social media for crisis communications Feb. 10 webinar from @SBAgov, @AgilityRecovery http://t.co/d16t8RHr7n
17 hours ago