Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Inside Washington (07/31/2008)
* WASHINGTON (8/1/08)--The Federal Housing Finance Agency (FHFA), the new agency that will regulate Fannie Mae, Freddie Mac and the Federal Home Loan Banks, has been established as a result of a housing bill President Bush signed into law this week. Aside from watching over the government-sponsored enterprises, the agency has to create standards to govern internal audit systems, internal controls, interest-rate-risk management, market risk management and liquidity adequacy (American Banker July 31). The Office of Federal Housing Enterprise Oversight (OFHEO), which is currently Fannie and Freddie’s regulator, will continue for one year with limited capacity. OFHEO and the Finance Board will transfer their employees to the FHFA. James Lockhart, former OFHEO director, will head the FHFA ... * WASHINGTON (8/1/08)--The Securities and Exchange Commission extended the restrictions on short sales for 17 Wall Street firms late Tuesday (American Banker July 31). The restrictions will continue through Aug. 12, giving staff 10 days to review data on the restrictions’ effect. The agency said the order will not be extended after Aug. 12 ... * WASHINGTON (8/1/08)--The Federal Deposit Insurance Corp. (FDIC) has issued a financial institution letter with final guidance on the Supervisory Review Process of Capital Adequacy (Pillar 2) under the Basel II Advanced Capital Framework. The guidance takes effect Sept. 2 ...


RSS





print
News Now LiveWire
Consumer spending is slumping #Market #Economy http://t.co/RI4HS68IuJ
11 hours ago
April is #NationalFinancialLiteracyMonth & @TheNCUA Chair Matz urges #creditunions to help members learn to manage/protect their finances.
13 hours ago
Fed. FI regulators' statmnts on compromised credentials/destructive malware #cybersecurity http://t.co/f4uTBDm1PU http://t.co/zP5Iw6VxZc
15 hours ago
Home prices rising faster than wages: @RealtyTrac #NewsNow #Market http://t.co/wa74mnw3Cu
16 hours ago
.@Nussle dropped by the @ACUMuseum recently. Read about his visit http://t.co/bYe8RRgYLP
17 hours ago