Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (06/24/2008)
* WASHINGTON (6/25/08)--An application by Cerberus Capital Management LP to permanently retain an industrial loan company (ILC) may spark old tensions about ILC ownership (American Banker June 24). Two years ago, the Federal Deposit Insurance Corp. (FDIC) granted the company permission to acquire the ILC as an exception to a moratorium the agency placed on ILC applications. The FDIC’s approval of the application expires in November, and a vote that was expected to take place last week has been tabled. A spokesman for the agency said Cerberus’ application is being processed ... * WASHINGTON (6/25/08)--About $26.6 million has been distributed to 250 investors as part of a settlement with the Securities and Exchange Commission (SEC) and Bank of America Securities (American Banker June 24). The SEC alleged that Bank of America published false research from January 1999 to December 2001 on three companies. The research was available to traders before clients, according to the SEC’s claim. Bank of America neither denied nor admitted the SEC’s charge. The case was settled in March 2007 ...


RSS print
News Now LiveWire
In just over a year, @SaveToWinWA generates more than $1M of savings in 6 #creditunions http://t.co/rszMd0SZVv
12 hours ago
Even the pest guy is a cybersecurity risk: http://t.co/Tqq4qfOgcq
13 hours ago
.@SCTelco_FCU among best places to work in S.C. via @TheCCUL http://t.co/PJnjOArfm8
14 hours ago
#IceBucketChallenge in D.C. today: @HampelBill with help from some @CUNA staff http://t.co/3iOqE2KSjd
15 hours ago
P2P mobile payments draw millennials' interest via @BloombergNews http://t.co/uoO2anjCsV
17 hours ago