Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (11/30/2007)
* WASHINGTON (12/3/07)--Senate Banking Committee Chairman Christopher Dodd (D-Conn.) was scheduled to introduce a bill that would not only restrict commercial ownership of industrial loan companies (ILCs), but stop the activities of those that are currently commercially owned (American Banker Nov. 30). Dodd’s bill is tougher than ILC legislation that passed through the House in May, with the exception that his bill would allow automakers to own ILCs. However, the bill is still in draft stages and must be approved by lawmakers such as Sen. Robert Bennett (R-Utah), a strong supporter of ILCs. Dodd’s bill comes just one month before a moratorium on ILC applications, imposed by the Federal Deposit Insurance Corp., is set to expire. FDIC Chairman Sheila Bair said the moratorium already has been extended for 18 months and will not be lengthened again …


RSS print
News Now LiveWire
.@TheNCUA board unanimously voted today to designate board member Rick Metsger as vice chairman, effective immediately.
13 minutes ago
We really want to hear from our readers. Please take the News Now survey: http://t.co/BYiQ5vr5Ob
1 hours ago
Advanced technologies don't quell cybersecurity fears #NewsNow http://t.co/ZJ20bimRvv
2 hours ago
.@CentralMaineCom reports #creditunions have issued thousands of new cards to proactively protect members from Home Depot data breach.
3 hours ago
.@siskiyoucu does 'littlest things' for members as it waits for toll from devastating fire in Weed, Calif
3 hours ago