Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (08/22/2012)
  • WASHINGTON (8/23/12)--Legislation backed by Democrats that would help more Americans to refinance Freddie Mac and Fannie Mae mortgages has stalled in the Senate. Republicans in the Senate Banking Committee have sought to add amendments to the bill that would address the reform of Fannie Mae, Freddie Mac and the Federal Housing Administration, said the American Banker (Aug. 22). Another amendment would provide lenders a legal safe harbor if they meet the terms of a "qualified mortgage." The amendments are "outside the scope" of the refinancing bill, according to a senior Senate Democratic aide. The standoff could prevent President Barack Obama from achieving one of his top economic agenda items for 2012 …
  • WASHINGTON (8/23/12)--The Federal Deposit Insurance Corp. will release its Quarterly Banking Profile for the second quarter at 10 a.m. on Tuesday. The profile is a quarterly update on earnings, loan growth and other indicators for the entire banking industry (American Banker Aug. 22). In the first quarter, banks and thrifts reported $63 billion in noninterest income, an 8% increase from a year earlier. Net income was $35.3 billion, with loan volume decreasing 0.8%, compared with the previous quarter. Net operating revenue rose 3% to $170 billion …


RSS print
News Now LiveWire
.@CUNA's Chief Economist @SchenkMike talks consumer confidence--at highest levels since 2007 w/ @TheStreet @JoeDeaux http://t.co/JyoYQmhAxc
1 minutes ago
RT @CUNA: .@CUNA's Jeremy Dalpiaz congratulates @reppittenger on reg relief bill consideration after @FinancialCmte markup http://t.co/9JMG…
6 minutes ago
Hensarling: "Post Dodd-Frank we've seen community banking wither on the vine under regulatory burden, w/ costs passed to low income buyers"
1 hours ago
Rep. Capito on #HR5148: This is common sense reform...could work well in areas with avg home price less than $200K, would help those buyers
1 hours ago
.@FinancialCmte is now discussing #HR5148. Act would amend TILA to exempt high-risk mortgages from property appraisal reqs
1 hours ago