Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (06/24/2010)
* WASHINGTON (6/25/10)--Reps. Judy Biggert (R-Ill.) and Darrell Issa (R-Calif.) won the adoption of an amendment to the regulatory reform bill Wednesday that would require the inspector general of the Federal Deposit Insurance Corp. (FDIC) to investigate whether political pressure was involved with securing private-sector assistance for troubled banks. The amendment targets Chicago-based ShoreBank, which secured $140 million of private investments in May. The FDIC and the Illinois Department of Financial and Professional Regulation issued a cease-and-desist order against the bank in July. It is unknown whether the Senate will support it, said American Banker (June 24) ... * WASHINGTON (6/25/10)--The Federal Reserve, the Federal Deposit Insurance Corp., and the Office of the Comptroller of the Currency Thursday issued the host state loan-to-deposit ratios that the banking agencies will use to determine compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. These ratios update data released on June 29, 2009. In general, section 109 prohibits a bank from establishing or acquiring a branch or branches outside of its home state primarily for the purpose of deposit production. Section 109 also prohibits branches of banks controlled by out-of-state bank holding companies from operating primarily for the purpose of deposit production ...


RSS print
News Now LiveWire
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
7 hours ago
.@CUNAMutualGroup has committed $35K to @trustdotcoop over the next year to suppor the future of #creditunions.
8 hours ago
.@madison_mag gets the cooperative scoop from @SummitDoMore's @kimsponem http://t.co/RxSCeSegie
8 hours ago
.@VantageWestCU emeritus chairman Whittaker inducted into @DCUC_HQ Hall of Fame http://t.co/dpeP4ME49U
10 hours ago
Australian newspaper covers Gen Y tips from @ServusCU at @WOCCU conference http://t.co/xqmLfZVwaI
10 hours ago