Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (07/19/2010)
* WASHINGTON (7/20/10)--The Treasury Department is considering appointing board members to government-supported banks that are struggling to make dividend payments to taxpayers (American Banker July 19). The banks are participants in the Troubled Asset Relief Program. A Treasury spokesperson, Mark Paustenbach, told the Banker that the department is considering several options to protect taxpayers’ interests, including appointing board members... * WASHINGTON (7/20/10)--Although a proposed bank tax was stripped from the regulatory reform bill, President Barack Obama has indicated that he wants to push for the tax after reform is enacted. The tax would increase to $90 billion from $19 billion. Some policymakers originally did not support the tax as a part of reform, but others say the tax could garner enough support to pass as a separate measure, said American Banker (July 19). The tax “has a chance,” but it won’t be easy to pass, noted Karen Shaw Petrou, managing director at Federal Financial Analytics Inc. However, Scott Talbott, senior vice president at the Financial Services Roundtable, said that the need for such a tax is decreasing ... * WASHINGTON (7/20/10)--The Federal Reserve Board has released a list of names of the chairs and deputy chairs for each of the Federal Home Loan Banks. Each bank has a nine-member board of directors. The Fed appoints three of these directors and each year designates one of its appointees as chair and a second as deputy chair ...


RSS print
News Now LiveWire
3 Atlanta fed judges recuse themselves from Home Depot data breach suits via @AtlBizChron http://t.co/lfPgOXZ7sO
12 hours ago
How may falling gas prices impact the U.S. economy? Find out tomorrow in #NewsNow #Market http://t.co/Q9ec9DGLDN
13 hours ago
News of the comp. for tomorrow: Big bank unveils plans for massive $6.5 billion new headquarters #NewsNow #Market
14 hours ago
Consumer confidence surges to 7-year high #NewsNow #Market http://t.co/fMEENGuWPi
15 hours ago
Charlotte Cash, CEO of @COFCU , is engaging members by producing videos on various subject of financial interest to members.
15 hours ago