Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
14 hours ago
.@CUNAMutualGroup has committed $35K to @trustdotcoop over the next year to suppor the future of #creditunions.
15 hours ago
.@madison_mag gets the cooperative scoop from @SummitDoMore's @kimsponem http://t.co/RxSCeSegie
15 hours ago
.@VantageWestCU emeritus chairman Whittaker inducted into @DCUC_HQ Hall of Fame http://t.co/dpeP4ME49U
17 hours ago
Australian newspaper covers Gen Y tips from @ServusCU at @WOCCU conference http://t.co/xqmLfZVwaI
18 hours ago