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
House TARP hearing postponed
WASHINGTON (1/6/09)—A Jan. 7 hearing to review the U.S. Treasury Department's to-date use of the $700 billion in Troubled Asset Relief Program funds scheduled by the House Financial Services Committee has been postponed. In a release, Rep. Barney Frank (D-Mass.), chairman of the committee, gave no reason for the delay but did say he would announce a new time and date for the hearing. A witness list had not yet been made public. Frank has been critical of some aspects of the Treasury’s implementation of the TARP program, and even recently questioned specifically the impact on credit unions of that department’s choice not to use TARP funds to purchase troubled assets. (See related story: Frank wants CUs to have relief source.) The committee’s Jan. 9 hearing on the Federal Housing Administration's oversight of home mortgage loan originators remains on the schedule.


RSS





print
News Now LiveWire
What role are #creditunions playing in @gatesfoundation's 2030 vision of financial services? Read #NewsNow Monday
13 hours ago
Consumers fear inaccurate info lingers on credit reports, says @FTC study Read @CUNA's News Now: http://t.co/RzNLMnaROO
15 hours ago
@PCUA has formed a @LinkedIn networking group for former bankers turned #creditunion employees.
15 hours ago
.@politico reports Democrats haven't picked the city yet, but their 2016 convention will be held the week of July 25.
15 hours ago
.@cuna, @DCUC_HQ urge @CFPB to exempt #CUs from changes to Military Lending Act rules cuz CUs aren't part of the targeted problem. NN Monday
17 hours ago