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 (07/14/2011)
* WASHINGTON (7/15/11)--Community banks and other for-profit financial institutions will now be permitted to pay interest on commercial checking accounts after the Federal Reserve on Thursday released a final rule that repeals Regulation Q. The Fed in its release noted that the majority of commenters opposed the repeal, saying that it would have “'devastating' effects on smaller and community banks.” The repeal will be effective as of July 21 … * WASHINGTON (7/15/11)--Consumer Financial Protection Bureau (CFPB) architect Elizabeth Warren’s third appearance before a congressional committee was more even tempered than her previous Hill trips, which became contentious. However, Warren did face questions on whether the CFPB would move to ban certain types of mortgages. Warren said that the agency’s work would not focus on eliminating financial instruments, but rather on tightening up the disclosures that are provided to consumers so that those consumers can make more informed decisions. “I want to start with the concept of, ‘Let’s get some real disclosure and see if we can get these markets working,’” she said. She also provided general information on the CFPB’s current and future projects, including creating a combined Truth in Lending Act/Real Estate Settlement Procedures Act disclosure form, defining large non-bank market participants, and large bank supervision. The CFPB will officially launch on July 21…


RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
9 hours ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
14 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
14 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
16 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
16 hours ago