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Top 10 INews NowI stories for April (05/03/2010)
MADISON, Wis. (5/4/10)--Leading April’s list of top 10 News Now stories are articles about regulators closing seven banks and a credit union in one day and the U.S. government’s unveiling of a new $100 bill. The top 10 stories are: 10. Fed keeps same rate-policy course, good news for CUs WASHINGTON (4/29/10)--Wednesday’s decision by the Federal Reserve’s policymakers, the Federal Open Market Committee, to continue its course with low interest rates for an extended period is good news for credit unions, according to Steve Rick, Credit Union National Association senior economist. 9. FHA changes net worth, other rules for lenders WASHINGTON (4/7/10)--The Federal Housing Administration earlier this week announced that lenders that take part in FHA lending programs will need significantly higher net worth. 8. Another customer survey ranks CUs above banks ANDOVER, Mass. (4/14/10)--Members/customers at credit unions and community banks continue to show much more satisfaction and better advocacy rates than customers of larger regional or national banks, according to a recent study. 7. NCUA proposes payday loan alternative for CUs ALEXANDRIA, Va. (4/30/10)--The number of federal credit unions that provide payday loan alternatives to their membership may increase if the National Credit Union Administration's proposed changes to its general lending rules are adopted. 6. CUs find ways to cut health care plan costs MADISON, Wis. (4/1/10)--Despite tight budgets from the economy and the escalating costs of providing health care coverage, credit unions continue offering this prized employee benefit. 5. CUNA: New health care extends tax incentives to small CUs WASHINGTON (4/26/10)--Thanks to recent changes to national healthcare policy, many small credit unions should be eligible for the “Employee Health Insurance Expenses of Small Employers” tax credit for small, tax-exempt employers provided by the recently passed legislation. 4. New credit report ad requirements in effect WASHINGTON (4/7/10)--Final rules that prevent deceptive marketing of so-called “free credit reports” by requiring credit report advertisements to contain enhanced disclosures became effective on April 2. 3. SEC v. Goldman Sachs could brush against CUs WASHINGTON (4/20/10)--The U.S. Securities and Exchange Commission late last week charged Goldman, Sachs & Co. and its vice president, Fabrice Tourre, with “defrauding investors by mis-stating and omitting key facts about a financial product tied to subprime mortgages as the U.S. housing market was beginning to falter.” 2. New $100 bill, with security features, unveiled WASHINGTON (4/22/10)--Federal authorities on Wednesday joined to unveil the new hundred dollar bill, a bill that will combine the usual portrait of Ben Franklin, and some previously added security enhancements, with a pair of brand new, advanced counterfeit-deterrent security features. 1. Friday sees one CU, seven banks closed ALEXANDRIA, Va. (4/26/10)--The National Credit Union Administration Friday assumed control of the operations of St. Paul Croatian FCU, headquartered in Eastlake, Ohio. Also on Friday, federal regulators closed seven banks, all in Illinois.


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