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HR 3606 (CARD Act 21-day rule fix) signed into law by president, as was the homebuyer tax credit extension
Scam warning: Kennedy Space Center FCU members being targeted via phony text messages by ID thieves in Florida. http://ow.ly/zWCE
Financial Stability Improvement Act markup, which began today, will continue after Vets. day, Hse. Fin. Svcs. Chair Barney Frank says.
In Mon NN: 24 SE Wisc. CUs will now have control of $71.5M in loans and lender-owned homes after Central States Mtge went into receivership.
Detroit Edison Credit Union and NuUnion Credit Union announce their intent to merge http://tinyurl.com/y8bslvg
Fryzel sworn in as NCUA chairman
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| NCUA Board nominee Michael Fryzel before his June 3 Senate Banking Committee hearing on Capitol Hill. (Photo provided by CUNA) |
The Honorable Lee Preston, Judge of the Cook County Circuit Court and longtime friend of Fryzel, administered the oath of office at 12 p.m. CT.
"I am grateful to the president for this opportunity to serve," said Fryzel in a statement. "To be the NCUA chairman is a tremendous honor and I pledge to work to the best of my ability to fulfill the trust that has been placed in me."
Fryzel last month reiterated his priorities as NCUA chairman: "vigilant and thorough supervision, emphasis on safety and soundness, and dedication to protecting the consumer."
"The credit union industry, now entering its second century, has proven itself valuable to America's consumers and as such has a right to expect fair, consistent, common-sense regulation," he said. "It is my commitment to conduct my chairmanship in that manner."
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