Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (03/20/2008)
* WASHINGTON (3/21/08)--The Office of the Comptroller of the Currency (OCC) issued an emergency rule Wednesday that would allow JPMorgan Chase and Co. to fund Bear Stearns even though the debt would be higher than the normal lending limit. An OCC provision states that a bank cannot lend more than 15% of its capital to one borrower or more than 25% without secured collateral (American Banker March 20). The OCC defends its decision, saying that the limit was not broken. An interim final rule, scheduled to be effective yesterday and open for a 30-day comment period, would give the agency the ability to grant exemptions in emergency situations to well-capitalized and highly rated lending institutions ...


RSS print
News Now LiveWire
Tech. advances don't dampen consumer #cybersecurity concerns #NewsNow http://t.co/HNn4Hojadv
10 hours ago
.@TheNCUA board unanimously voted today to designate board member Rick Metsger as vice chairman, effective immediately.
11 hours ago
We really want to hear from our readers. Please take the News Now survey: http://t.co/BYiQ5vr5Ob
13 hours ago
Advanced technologies don't quell cybersecurity fears #NewsNow http://t.co/ZJ20bimRvv
13 hours ago
.@CentralMaineCom reports #creditunions have issued thousands of new cards to proactively protect members from Home Depot data breach.
14 hours ago