Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Congress to study use of TARP dollars Fed liquidity efforts
WASHINGTON (2/5/09)—House Financial Services Committee Chairman Barney Frank (D-Mass.) has unveiled plans for two hearings next week: one spotlighting the Federal Reserve’s recent efforts to provide liquidity, another scrutinizing company’s use of TARP funds. Frank said next Tuesday, Feb. 10, the committee will conduct and examination of the Extraordinary Efforts by the Federal Reserve Bank to Provide Liquidity in the Current Financial Crisis.” For the following day’s session, the panel has called the CEOs of the first eight companies to receive TARP funds to testify on their use of the government assistance they have received. TARP is short for Troubled Asset Relief Program, which is administered by the U.S. Treasury. Also of interest to credit unions, later this month Federal Reserve Board Chairman Ben Bernanke is expected to testify Feb. 24 on monetary policy before the Senate Banking Committee. He will be presenting the Fed’s semiannual monetary policy report, which will be repeated in the House before the financial services panel.


RSS





print
News Now LiveWire
16.9% of U.S. homeowners underwater, down from peak 31.4% in 2012, reports @zillow http://t.co/EbILqY1HMz
5 minutes ago
Breaking at #NewsNow: President Obama signs IOLTA bill into law. http://t.co/5N741Bygmn
1 hours ago
.@edmunds says the week between Christmas and New Year's is the busiest car shopping time of the year.
2 hours ago
.@CFPB sues Sprint for cramming 3rd-party service fees onto consumers' bills http://t.co/mhlMWqLKku
2 hours ago
#HomeDepot #databreach lawsuits consolidated in Georgia http://t.co/A4bei5z0mV
3 hours ago