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 (10/07/2010)
* WASHINGTON (10/8/10)--The Securities and Exchange Commission is seeking comment on a proposal it released Wednesday that would require issuers of asset-backed securities (ABS) and credit ratings that rate ABS to provide investors with new disclosures about representations, warranties and enforcement mechanisms. The SEC’s proposed rules would require disclosures of repurchase history and repurchase history in prospectuses and ongoing reports, and require Nationally Recognized Statistical Rating Organizations to provide disclosures in any report accompanying a credit rating ... * WASHINGTON (10/8/10)--Sen. Richard Shelby (R-Ala.), lead party member on the Senate Banking Committee, said Wednesday there should be an investigation regarding improper foreclosure practices at several banks. Regulators should immediately review mortgage servicing and foreclosure activities of Ally Financial, JPMorgan Chase and Bank of America, he said. Regulators have failed yet again to properly supervise those entities, so the committee should commence a separate investigation, he said. House Speaker Nancy Pelosi (D-Calif.) and other state legislators urged Attorney General Eric Holder to investigate violations of law or regulations by financial institutions also. JPMorgan, Bank of America and Ally halted their foreclosure activities in several states after questions arose over their mortgage processing (News Now Oct. 7) ...


RSS





print
News Now LiveWire
App puts #CUNAGAC in palms of attendees' hands #NewsNow http://t.co/piabPHIGb5
11 hours ago
App puts #cunagac in palms of #creditunion attendees' hands http://t.co/2XZC3LWw6Z
12 hours ago
Breaking at #NewsNow: @CUNA files amicus brief in Florida interchange case. http://t.co/gWSBjCtSD7
13 hours ago
What is the @NCUFoundation ? Watch this Foundation video: http://t.co/iC6XoInU7r
15 hours ago
Follow @cumagazine for even more #CUNAGAC live-action reports March 8-12 #creditunion #creditunions #UniteForGood
18 hours ago