Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (10/04/2011)
* WASHINGTON (10/5/11)--The apparent end of mortgage malfeasance settlement talks between several state attorneys general (AG) and banks could benefit banks in the end, American Banker reported on Tuesday. The state attorneys were proposing a settlement of over $20 billion, but bankers balked, saying this was well above their liabilities. Many state representatives gradually backed away from this deal, and as their numbers decreased, so too did banks’ willingness to settle with the state AGs. Some have said that the end of state-based negotiations could lead to a glut of individual lawsuits, or action by the Consumer Financial Protection Bureau. A settlement reached with federal officials may amount to less of a hit on the banks bottom line …


RSS print
News Now LiveWire
.@BelvoirFederal revamped the checking acct. it offers to active duty military members and achieved 23% growth on the product in 1 mo.
9 hours ago
.@FinancialCmte markup of Reg D Study Act set for Tuesday. CUNA will submit support letter. http://t.co/cDWkZ0Q0x1
13 hours ago
The 54th Western CUNA Management School graduated 89 students on July 25.
13 hours ago
.@CUNA Bank Secrecy Act training to reach 38 Mich. state examiners #NewsNow http://t.co/7HDPgwih8G
14 hours ago
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
7 25 ago