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
FHFA today announced it's extending comment deadline for guarantee fees Fannie, Freddie charge lenders to Sept. 8.
6 hours ago
The 2014 @CUwomen Forum was held in Gold Coast, Australia yesterday during @WOCCU 's World CU Conference.
9 hours ago
.@CFPB obtains $92M in debt relief from Colfax Capital Corp. http://t.co/QPZAeCAcy2 See also: http://t.co/Kjf4HHkINW
10 hours ago
Julian Castro was sworn in as 16th secretary of @HUDgov Dept. of Housing and Urban Development Mon.
10 hours ago
.@CUNA's Chief Economist @SchenkMike talks consumer confidence--at highest levels since 2007 w/ @TheStreet @JoeDeaux http://t.co/JyoYQmhAxc
10 hours ago