The $819 million Silver State Schools, is on the financial mend despite shedding five of its 21 branches and witnessing the high level departure of top executives, said the president of its lead insurer, American Share Insurance of Ohio.

The top House Republican on financial issues is urging senators to wait 30 days after all amendments are approved before a final vote on the regulatory restructuring plan.

Although 290,000 new jobs were created last month, unemployment increased to 9.9% because of an increase in the size of the labor force, the Department of Labor reported today.

The chairman of the NCUA would be included in the council of regulators that could make decisions on systemic risk and hear appeals of rules by the new consumer financial regulator if an amendment sponsored by Sen. Susan Collins (R-Maine) is approved.

Though emphasizing that the decision must ultimately made by people in the credit union movement, CUNA President/CEO-designate Bill Cheney said today he believes there should be one voice for credit unions.

California-Nevada Credit Union League President Bill Cheney was named the president/CEO of CUNA today.

After almost a week of legislative wrangling and maneuvering, at press time the Senate was beginning what many expect to be several weeks of debate on a measure to overhaul the system for regulating financial services.

House Appropriations Committee Chairman David Obey (D-Wis.) announced today he will not seek re-election to the seat he has held since 1969.