Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (11/25/2008)
* WASHINGTON (11/26/08)--Credit Union National Association President/CEO Dan Mica met with 70 New Jersey credit union leaders Nov. 20, including New Jersey Credit Union League President Paul Gentile, about the Treasury Department’s Troubled Asset Relief Program (TARP) and the possible addition of supplemental and risk-based capital programs for credit unions (The Weekly Exchange Nov. 24). If credit unions are going to receive capital relief, they should not be “pigeon holed” into one option, Mica said. He also said that taxpayer money has never been used to bail out credit unions, but if TARP could be used to help them, the industry may be better off in the long run. From left are: Gentile, former league chairman and NJ Gateway FCU President/CEO Rina Pantano, Mica, and New Jersey league chairman and Atlantic City Firemen’s FCU President/CEO Steven Schlundt. (Photo provided by the New Jersey Credit Union League) ... * WASHINGTON (11/26/08)--Lawmakers are working to reverse a Sept. 30 notice from the Treasury Department that would allow banks to write down loan losses from acquisitions. Sen. Bernie Sanders (D-Vt.) and Rep. Lloyd Doggett (D-Texas) proposed legislation last week to prevent an acquiring bank from writing off target loan losses after a purchase (American Banker Nov. 25). Some institutions, such as Wells Fargo and PNC Financial, have used the exception ...


RSS print
News Now LiveWire
Goodwill Industries latest to report data security breach http://t.co/gIaXNsT4Bk
10 hours ago
CUNA economist Schenk discusses regulators' focus on interest-rate risk. See CU Magazine: http://t.co/tW1p9rTSSv
11 hours ago
Fed issues annual report on general-use prepaid cards in gov't-administered payment programs. http://t.co/3zPhejSPZt
12 hours ago
Children in foster care face higher risk of identity theft via @NBCNews http://t.co/Dif0hCfBdA
12 hours ago
.@Cornerstone_CUL's leadership conference includes food drive for San Antonio food bank http://t.co/h2O8O4TxuD
12 hours ago