Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Inside Washington (05/25/2009)
* WASHINGTON (5/26/09)--Fifteen North Carolina credit union representatives traveled to Capitol Hill to listen in on a House Subcommittee on Financial Institutions hearing on provisions of the Credit Union Share Insurance Stabilization Act, according to the North Carolina Credit Union League (Weekly Update May 22). The provisions passed as a part of the Helping Families Save Their Homes Act (S. 896), which was signed into law by President Barack Obama Thursday. Credit union representatives also discussed interchange fees, raising caps on member business lending and the Community Reinvestment Act (CRA) with their delegates. Credit union representatives emphasized that CRA would be unproductive. “Complying with CRA would do nothing more than divert resources and ultimately distract credit unions from the work they are already doing to deliver affordable financial services to their members, including low-income individuals within their field of membership,” said Dan Schline, North Carolina league senior vice president of association services ... * WASHINGTON (5/26/09)--Life at the National Credit Union Administration continues to get high marks from its employees, with the agency placing as No. 23 in the small agencies section of a recent survey on the best places to work in the federal government. The agency ranked eighth overall in the teamwork category, 12th in employee skills / mission match, and 14th in support for diversity. The rankings, which draw on responses from 200,000 civil servants at 279 federal entities, were compiled by American University’s analysis of the Office of Personnel Management’s Federal Human Capital Survey... * WASHINGTON (5/26/09)--On Thursday, the Senate Banking Committee signed off on four appointments by the Obama administration, including one for the Department of Housing and Urban Development (HUD) and for the Treasury (American Banker May 22). Michael Barr, a former Treasury official during the Clinton administration, was approved for Treasury assistant secretary for financial institutions. Sandra Henriquez was approved for assistant secretary for public and Indian housing at HUD. She is the administrator and CEO of the Boston Housing Authority. The full Senate must approve the nominees ...

RSS print
News Now LiveWire
The Hill reports House Republicans plan to delay Aug. recess to stay in D.C. until they have enough votes to pass bill on border crisis.
13 hours ago
The FHLBs of Des Moines and Seattle announce they have entered into an exclusivity arrangement regarding potential merger of the 2 entities.
13 hours ago
SunCorp and @AlloyaCorp have announced their intent to merge.
16 hours ago
.@TheNCUA bars former employee of Southwest Communities FCU,Melissa Rosing,from work at any federally insured FI.
16 hours ago
Fryzel added @TheNCUA is fed. governmt, thereby will B criticized, but always tried 2 do what is right. McWatters still 2 B sworn in.2of2
18 hours ago