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Inside Washington (03/31/2008)
* WASHINGTON (4/1/08)--The Federal Reserve Banks Monday announced changes to the schedule for previously announced check processing infrastructure changes as consumers and businesses continue the shift from paper checks to electronic payments. The revised schedule takes effect immediately. Seven sites will change this year, compared with the five sites originally scheduled. The announcement marks the banks’ sixth annual review of their check infrastructure ... * WASHINGTON (4/1/08)--Secretary of the Department of Housing and Urban Development Alphonso Jackson announced that he will step down from his position. His resignation is effective April 18. Jackson said he resigned to spend more time with his family. His resignation coincides with the Bush administration’s pressure on the department to help solve the foreclosure crisis (The New York Times March 31) ...


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Fazio: starting points for risk wts were the FDIC's; NCUA varied only when compelled by data. 1of2 #listeningsession
1 minutes ago
Matz notes: OIG and GAO say @TheNCUA needs effective RBC system: We are going forward with RBC but will address issues you all identified.
4 minutes ago
.@TheNCUA Fazio:No way 2 make a RBC system as precise as CUs indicate.RBC is not about expected losses but the unexpected. #listeningsession
7 minutes ago
Chr Matz says @TheNCUA anticipates more info being collected on call reports;says will reevaluate mortgages/CUSO risk wts. #listeningsession
10 minutes ago
After discussions,first CU table: Call reports need to reflect loan terms so different terms can have different risk wts. #listeningsession
13 minutes ago