Regulatory & Compliance

WASHINGTON -- CUNA and NAFCU are both lobbying to get credit unions included in the increased deposit insurance recently approved by the Bush administration.

SAN DIMAS, Calif. -- During his Columbus Day Webcast, Western Corporate FCU's Dwight Johnston correctly predicted that the first of the $700 billion bailout package will be applied toward reinforcing capital positions of healthy banks. The very next day, Treasury Secretary Paulson proved Johnston right.

WASHINGTON -- U.S. Rep. Paul Kanjorski has cut four points off of his opponent's lead but trails by five points, according to a poll released today by Franklin & Marshall College.

WASHINGTON -- Accredited Home Lenders has dropped its lawsuit against the Illinois sheriff who last Wednesday published an op-ed in the Chicago Sun-Times stating that his office would no longer do evictions because banks were not determining who was living in buildings going into foreclosure even though such due diligence...

WASHINGTON -- The Bush administration announced today it will buy $250 billion worth of shares in the nation's leading bank companies.

PHOENIX -- Joined by a coalition of consumer groups, the Arizona Credit Union System said this week it is stepping up its lobbying activities to defeat a well-financed campaign by payday lenders to adopt enabling legislation on the Nov. 4 ballot.

MCCLEAN, Va. -- Freddie Mac has ordered servicers to suspend foreclosures on properties with Freddie Mac-owned mortgages in areas declared a disaster because of damage caused by Hurricane Ike in Texas and Louisiana.

WASHINGTON -- Treasury Secretary Henry Paulson is scheduled to discuss the government's plans to buy shares in key banks during a meeting this afternoon with the CEOs of the nation's top commercial and investment banks.