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Inside Washington (10/28/2010)
* WASHINGTON (10/29/10)- -Senator Mark Warner (D-Va.) called on President Obama to set up a task force to examine the foreclosure paperwork issue that has stalled thousands of foreclosures and raised questions about their legality, said American Banker (Oct. 28). In a letter to Obama, Warner, a member of the Senate Banking Committee wrote, “I am writing to urge you to establish an independent and nonpartisan task force to make recommendations for addressing the recent and ongoing problems with the mortgage foreclosure process.”… * ALEXANDRIA Va. (10/29/10)—National Credit Union Administration
Click to view larger image Pictured from the left are Members Advantage President Frank Beachnau, NCUA board member Michael Fryzel, Members Advantage Business Development Representative Jace Smith, Members Advantage Senior Office Manager Jamie Barnett, and Members Advantage IT Manager Scott Neitzel. (Photo provided by NCUA)
board member Michael Fryzel took note of the financial education initiatives of Members Advantage CU when he recently visited the Michigan City, Ind. credit union. Credit unions overall, Fryzel noted, have responded in creative ways to continue to serve their members in current tough economic times. He went on to note specifically that Members Advantage “enacts proactive and responsive programs to meet the needs of its members,” such as its financial education promotion. The credit union provides financial counseling, credit report review, and debt management services. “They do for their members what all credit unions should,” Fryzel said in a recent release, and added that such programs can help credit unions be successful in the midst of the recession…


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