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 (09/29/2008)
* WASHINGTON (9/30/08)--Last week’s failure of Washington Mutual (WaMu) could eventually close the Office of Thrift Supervision (OTS), according to observers (American Banker Sept. 29). WaMu made up about 20% of the OTS’ budget. The agency says that it has a contingency plan to ensure funding through next year and that it would take legislation to eliminate OTS. The Treasury Department has recommended that OTS merge with the Office of the Comptroller of the Currency. However, OTS Director John Reich said last week that multiple federal banking regulators is necessary and said the agency doesn’t want WaMu to be purchased. WaMu was placed on a problem bank list the week before it failed ... * WASHINGTON (9/30/08)--The Treasury Department adopted a report with more than 30 recommendations to improve audits of public companies. Recommendations focused on three specific areas: improving accounting education and strengthening human capital; enhancing auditing firm governance, transparency, responsibility, communications, and audit quality; and increasing audit market competition and auditor choice ... * WASHINGTON (9/30/08)--The Treasury Department Monday opened its temporary guarantee program for money market funds. The Treasury will guarantee the share price of any publicly offered eligible money market fund that applies for and a pays a fee to participate in the program. The money market mutual funds are regulated under the Rule 2a-7 of the Investment Company Act of 1940. They maintain a stable share price of $1 and are publicly offered. Those registered with the Securities and Exchange Commission will be eligible to participate ...


RSS





print
News Now LiveWire
A recent report from @TransUnion says consumers born 1981 or later made up 27% of total auto-loan originations in 2014, up 16% from 2009.
9 hours ago
.@CUNA says new House bill is "further evidence" of lawmakers' interest in how @TheNCUA uses its funds from CUs. See News Now Monday.
1 day ago
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
5 hours ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
5 hours ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
7 hours ago