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 (02/06/2009)
* ALEXANDRIA, Va. (2/9/09)--The National Credit Union Administration
Board Member Hyland and Hiroaki, Funamoto, Deputy Governor, SIC. (NCUA Photo)
(NCUA) recently met with four representatives of the Japanese Agricultural and Fishery Cooperative Savings Insurance Corporation (SIC). SIC insures saving at agricultural and fishery cooperatives in Japan and the four representatives came to NCUA to learn more about the American credit union system. NCUA Chairman Michael Fryzel, NCUA board member Gigi Hyland, and NCUA staff discussed topics ranging from the structure of federal credit unions to share insurance and its federal backing. Fryzel said after the meeting that the SIC officials will be able to “go back to Japan and utilize the information learned to help enhance their own credit union system.” Hyland added, “These are the types of meetings that help the credit unions of the world perform to the best of their ability. At NCUA we find it important to assist the world credit union system and aid in its success via the opportunities afforded to us.”… * WASHINGTON (2/9/09)—New U.S. Treasury Secretary Timothy Geithner is expected to face some hostile questions tomorrow when he testifies before the Senate Banking Committee, (American Banker Feb. 6) Geithner is scheduled to discuss the Obama administration’s plans for improving the Treasury’s TARP—or Troubled Asset Relief Program. Both Democrats and Republicans on the committee have voiced complaints about TARP and have said that public anger targeted at the program makes it a tough bet that Treasury will get more than the $700 billion already authorized for the program … * WASHINGTON (2/9/09)—Last week the U.S. Senate approved amendments to limit compensation for executives of companies receiving funds from the government’s Troubled Asset Relief program (TARP)(Dow Jones Feb. 6). Compensation would be capped at $400,000 and bonuses would be sharply curtailed. The Senate agreed to the amendments by voice vote … * WASHINGTON (2/9/09)--Sen. Evan Bayh (D-Ind.) said Thursday that he is seeking a bipartisan compromise for Sen. Richard Durbin’s (D-Ill.) mortgage bankruptcy legislation (American Banker Feb. 6). Bayh said he could seek to reform the legislation so that it would restrict a judge’s ability to cram down primary mortgages to risky loans. Bayh said he wishes to work with Sen. Arlen Specter (R-Pa.) on the bill. Specter has supported similar legislation. The Credit Union National Association (CUNA) appreciates Bayh’s comments and looks forward to working with the senator on the issue, said Ryan Donovan, CUNA vice president of legislative affairs ...


RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
10 hours 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