Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
Refinance #MarchMadness: Refis drive up mid-March mortgage apps: MBA http://t.co/rTUnlJB516
3 hours ago
UK to invest in #creditunion services for military members http://t.co/iIaBT8vuJW
3 hours ago
Read about @cumagazine's third #creditunion hero http://t.co/SROZMgc0I7
4 hours ago
...#HR1480 passes 58-0; #HR1408 by 49-9; #HR1529 by 48-10; #HR685 by 43-12.
5 hours ago
@FinancialCmte passes @CUNA supported bills: #HR299 by 56-1; #HR601 by 56-0; #HR1195 by 53-5; #HR1265 by 56-2; #HR1259 by 56-2; (cont)...
5 hours ago