Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (12/22/2009)
* WASHINGTON (12/23/09)--The Treasury Department has adjusted pay limits at American International Group Inc. (AIG), prompted by a highly paid AIG employee who won’t leave the company by year-end as originally expected (American Banker Dec. 22). Kenneth Feinberg, Treasury pay czar, said AIG can pay the employee $4.3 million in incentive payments, on top of his $450,000 salary. In other news, Treasury modified a pay rule to allow Citigroup to pay expatriate compensation to five employees instead of four ... * WASHINGTON (12/23/09)--Howard Schmidt, former eBay Inc. and Microsoft Corp. security official, has been tapped to be the White House cyber security chief. Schmidt will set computer security policy and provide budget guidance throughout the federal government (The Wall Street Journal Dec. 22). He also will tap cyberdefense capabilities at the National Security Agency. Schmidt has previously worked for the White House, the Air Force and Federal Bureau of Investigation. He is president of the Information Security Forum, a nonprofit security group ... * WASHINGTON (12/23/09)--The Federal Reserve Board Tuesday announced that the asset-size exemption threshold for depository institutions under Regulation C, which implements the Home Mortgage Disclosure Act (HMDA), will remain $39 million. As a result, institutions with assets of $39 million or less as of Dec. 31 are exempt from collecting data in 2010. Under HMDA, mortgage lenders in metropolitan areas are required to collect, report and disclose data about applications for, and originations and purchases of home purchase loans, home improvement loans and refinancings ...


RSS print
News Now LiveWire
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
10 hours ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
11 hours ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
12 hours ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
12 hours ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
13 hours ago