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Washington
Inside Washington (06/03/2011)
* WASHINGTON (6/6/11)--A letter signed by 89 House Democrats urging President Barack Obama to name Elizabeth Warren director of the Consumer Financial Protection Bureau by recess appointment, if necessary. was sent to the White House Thursday. The letter outlines threats by Republicans to hold up any nominee unless the bureau is drastically scaled back, leaving the president no choice other than making a recess appointment for the post. “Since you appointed Professor Warren to ‘stand up’ the bureau, she has laid the foundation as a strong advocate for consumers--something that seems to strike fear among those who are opposed to reform,” the letter states. “Regretfully, Republicans in the Senate have now made it clear that they oppose reform.” The letter was initiated by Rep. Carolyn Maloney (D-N.Y.), who led the effort to collect signatures … * ALEXANDRIA, Va. (6/6/11)--The National Credit Union Administration (NCUA) in a Friday release announced that it would post credit union comments on its proposed corporate credit union assessment prepayment plan. An NCUA representative told News Now that the agency initially decided to keep credit union comments private out of “concern that some comments might include sensitive business or financial information.” However, the agency has found that none of the comments it has received thus far contain sensitive information. The NCUA will begin releasing the comments to the public on June 10 … * WASHINGTON (6/6/11)--The Treasury Department on Thursday said it will begin selling off Small Business Administration (SBA) securities it acquired as part of the Troubled Asset Relief Program (TARP). Treasury originally invested in 31 SBA 7(a) securities with a value of roughly $368 million. The securities comprised 1,001 loans from 17 different industries. EARNEST Partners, which has acted as Treasury’s financial agent for the SBA 7(a) securities portfolio, will execute the securities disposition on behalf of Treasury …


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