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 (06/23/2008)
* WASHINGTON (6/24/08)--Thirty Michigan credit union leaders visited with federal legislators and staff members June 11-12 for a “Hike the Hill” trip in Washington, D.C. Two messages dominated the meetings--the need for comprehensive credit union regulatory reform and opposition to proposed legislation regarding interchange fees (Michigan Monitor June 23). Credit union representatives met with all 17 members of Michigan’s congressional delegation. They also thanked Michigan’s 11 co-sponsors of the Credit Union Regulatory Improvements Act (CURIA)--including U.S. Reps. Dave Camp (R-St. Joseph), John Conyers (D-Detroit), Pete Hoekstra (R-Holland), Dale Kildee (D-Flint), Carolyn Cheeks Kilpatrick (D-Detroit), Joe Knollenberg (R-Bloomfield Hills), Sander Levin (D-Royal Oak), Thaddeus McCotter (R-Livonia), Bart Stupak (D-Menominee), Tim Wahlberg (R-Tipton) and Fred Upton (R-St. Joseph). From left: Daniel Schneider, USA CU, and U.S. Sen. Carl Levin (D-Mich.) listen to Lon Bone of T&C FCU during a visit to the senator's Capitol Hill office on June 12. (Photo provided by CUNA) ... * WASHINGTON (6/24/08)--Legislators are cracking down on mortgage lenders and brokers through a bill intended to ensure lenders only write mortgagees that borrowers can afford. Lenders also would have to send borrowers a notice three months before a foreclosure could occur (American Banker June 23). The Senate was scheduled to vote on the measure yesterday. The bill is a result of a compromise between New York Gov. David Paterson and legislators, and would make the state one of the first to reform lending standards in light of the housing crisis. Lawmakers in Minnesota recently attempted to pass a measure addressing foreclosures, but it was vetoed by Gov. Tim Pawlenty ... * WASHINGTON (6/24/08)--Rep. Dennis Kucinich (D-Ohio) is asking for records from more than 24 mortgage servicers to see how defaults and delinquencies were handled. The deadline is Thursday (American Banker June 23). Wells Fargo, JP Morgan Chase, Washington Mutual and Countrywide Financial are among those asked to provide the data. Kucinich requested that companies break the data down by refinancings, short sales, forbearance, rate freezing, repayment plans and principal reductions ...


RSS





print
News Now LiveWire
The U.S. Court of Appeals restored NCUA lawsuit v. Barclays Capital that charged misrepresenting quality of $550M IN RMBS. See News Now Wed.
11 hours ago
Registration is now open for the online livestreaming of @TheNCUA March 19 open board meeting. http://t.co/yOuqdXHlxj
16 hours ago
Registration is now open for online viewing of @TheNCUA's March 19 board meeting. https://t.co/mMZoXSFjMe
16 hours ago
.@CFPB Director Richard Cordray's testimony that he will deliver before the #HFSC this afternoon. http://t.co/NA1aEOPAeh
17 hours ago
Consumer spending flatlines, savings ramp up #Market #NewsNow http://t.co/94kPuBpMRK
18 hours ago