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 (10/30/2008)
* WASHINGTON (10/31/08)--The Federal Deposit Insurance Corp. Chairman Sheila Bair said Wednesday the agency had worked out a standardized loan modification program--one step closer to implementing a plan that would guarantee up to three million at-risk mortgages for lenders if they agree to modify loans (American Banker Oct. 30). The plan could cost the government up to $50 billion, and the money would be taken out of the $700 billion Congress gave the Treasury Department for the rescue plan. Last week, Bair said that 400,000 IndyMac borrowers are eligible for modifications. Policymakers need to use temporary measures deployed during the credit crisis and tighten lending rules. Until foreclosures are stemmed, the housing crisis will continue, she added ... * WASHINGTON (10/31/08)--The Financial Crimes Enforcement Network (FinCEN) withdrew its proposed anti-money laundering (AML) program rules for unregistered investment companies, commodity trading advisers and investment advisers in an effort to increase its efficiency and effectiveness in administering the Bank Secrecy Act (BSA). FinCEN will not proceed with BSA requirements for those entities without publishing new proposals and allowing for industry comments. It will consider whether it should impose requirements under the BSA on those entities. FinCEN also announced a new section of its website called “Pending Rules” ...


RSS





print
News Now LiveWire
#Maine #creditunion membership growth continues record pace http://t.co/yFRur4TQ0x
16 hours ago
.@TheNCUA closes N.Dade Community Development FCU,Miami Gardens, Fla. determining CU violated some charter provisions,bylaws & fed. rules.
17 hours ago
Why a #creditunion can be a good fit for #smallbiz http://t.co/l7Df9b8vQZ @fundbox
20 hours ago
Who's most adept at saving these days? The middle class, says @Bankrate http://t.co/zVi7typdVU
20 hours ago
.@OregonCCU donates $20K in Sprint program monies to @CMNHospitals @CU4Kids via @NWCUA http://t.co/0wTAH5NTNI
20 hours ago