Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (02/14/2008)
* WASHINGTON (2/15/08)--National Credit Union Administration Chairman JoAnn Johnson highlighted important credit union programs and initiatives that are making a positive impact in African-American communities because of February as African-American History Month. “I appreciate the role credit unions are playing in empowering African American communities, particularly in the area of financial literacy and homeownership,” Johnson said ... * WASHINGTON (2/15/08)--The U.S. Small Business Administration (SBA) renewed its partnership with the Minority Business RoundTable (MBRT) yesterday in an effort to support small-business development initiatives in underserved communities. The partnership will allow organizations to share resources and educate minority entrepreneurs on how to use SBA products and services to grow business. The two-year agreement intends to help strengthen and expand small-business development in the nation for minority entrepreneurs ... * WASHINGTON (2/15/08)--A bailout of the bond insurance industry is not necessary, said Charles Chaplin, chief financial officer of bond insurer MBIA, during testimony to a House panel. MBIA is adequately capitalized to meet policyholder obligations, he added (The New York Times Feb. 14). Problems in the bond industry were triggered by the subprime mortgage crisis, leaving insurers worried about their credit ratings. Gov. Eliot Spitzer (D-N.Y.) said millions of Americans who own bonds could lose money, and college loans, state and local taxes, and museum budgets could be affected. U.S. Rep. Paul Kanjorski (D-Pa.) has suggested tighter regulation of the bond industry while Warren Buffett, billionaire investor, said he could help by offering $800 billion in second insurance ...


RSS print
News Now LiveWire
.@COFCU's #CommunityChallenge saves members $700K in interest, gives back to local charities See #NewsNow http://t.co/67o0rOp3Ml
1 minutes ago
Post #QE, @federalreserve concerns still linger, says @CUNA's Schenk http://t.co/0GSrpUYpyG
45 minutes ago
.@CUNA's @HampelBill in @WSJ on @federalreserve mtg: 'No significant impact on financial markets or the economy' http://t.co/sbJycxdDXS
1 hours ago
#ApplePay: #Creditunions need it to be competitive, says @CUNA webinar http://t.co/Rf8j9KWru2
1 hours ago
Consumer confidence hits 7-year high #Market #NewsNow http://t.co/s7DGIGLZb3
19 hours ago