Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (04/03/2008)
* WASHINGTON (4/4/08)--The Federal Deposit Insurance Corp. (FDIC) will likely supervise state-chartered banks, predicted FDIC Chairman Sheila Bair (American Banker April 3). The Treasury has released a plan calling for one agency to supervise the banks, and Bair told her staff in an e-mail that the FDIC would likely be assigned the responsibility ... * WASHINGTON (4/4/08)--The Treasury Department’s plan to revise financial regulation would allow commercial firms to own and run federally insured depository institutions, or FIDIs, and has sparked debate among bankers. Camden R. Fine, president/CEO of the Community Bankers of America, said the plan would put taxpayer dollars at risk (American Banker April 3). Fine's group has fought against combining banking with commerce and attempts by large retailers to own industrial loan companies (ILCs). Others see the plan as progressive. Former Utah Banking Commissioner George Sutton, who has represented companies trying to earn ILCs, said separating commerce and banking is an outdated idea. Dan Mica, president/CEO of the Credit Union National Association, garnered press earlier this week when he questioned the Treasury plan, stating that it would result in the demise of credit unions as they function today (News Now April 3) ...


RSS





print
News Now LiveWire
Matz: Revised @TheNCUA #RBC rule for #creditunions 2 B unveiled 1/15/15, 90-day comment period to follow #newsnow http://t.co/qABhvghSTU
13 hours ago
Just announced: @TheNCUA board will consider a revised risk-based capital rule at its Jan 15 mtg. See #NewsNow Monday for more info.
15 hours ago
Nearing one-yr anniversary of data breach, @Target asks for class action suits to be dismissed via @BloombergNews http://t.co/kra6kupd35
16 hours ago
.@PeoplesTrustFCU has been recognized with the Juntos Avanzamos designation by @Cornerstone_CUL for its service to the Hispanic community
17 hours ago
#NewsNow: Rep. Hensarling names #HFSC subcommittee chairs. http://t.co/dXAMZdpn1p
17 hours ago