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
Inside Washington (01/11/2010)
* WASHINGTON (1/12/10)--Treasury Secretary Timothy Geithner could testify next week in Congress about the Federal Reserve Bank of New York’s effort to limit American International Group Inc.’s disclosures during its bailout. Congress obtained e-mails sent from the New York Fed when Geithner was president of the bank, about withholding the documents. The hearing will put pressure on Geithner to explain his handling of the company’s bailout, observers said (Bloomberg News Jan. 11). Rep. Darrell Issa (R-Calif.) has called the bailout a backdoor deal. President Barack Obama, who expressed confidence in Geithner, said Geithner was not involved in any of the e-mails in question ... * WASHINGTON (1/12/10)--President Obama is considering a fee on financial institutions to offset the federal deficit, according to administration officials. The fee would generate back some of the money that taxpayers paid to bail out the financial system in 2008. Politico reported Monday that the administration was deliberating a fee (The New York Times Jan. 11). The Obama administration has been pressured to tax institutions and their executive compensation. Anger has prevailed as big banks are generating profits and paying big bonuses despite rising unemployment, the Times said. Treasury Secretary Timothy Geithner has argued that a transactions tax would be passed onto consumers and that institutions would work to avoid a bonus tax. The Federal Deposit Insurance Corp. also is considering charging riskier banks higher premiums ...


RSS





print
News Now LiveWire
A recent report from @TransUnion says consumers born 1981 or later made up 27% of total auto-loan originations in 2014, up 16% from 2009.
6 hours ago
.@CUNA says new House bill is "further evidence" of lawmakers' interest in how @TheNCUA uses its funds from CUs. See News Now Monday.
1 day ago
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
1 hour ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
1 hour ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
3 hours ago