finance system

• Affinity FCU's Fenton to Testify on Housing Finance Reform

  By Claude R. Marx  |  October 19, 2011

  New Jersey CEO executive to represent NAFCU before the Senate Banking Committee.

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  Onsite Coverage: Housing Finance, Avoiding Taxation and Data Security Atop NAFCU Legislative Agenda

  By Claude R. Marx  |  July 1, 2011

  SAN FRANCISCO — Fresh off the fight over debit interchange fees, NAFCU now focuses on a range of other goals, chief lobbyists tell attendees.

• SECU Maryland's Staatz to Testify at Housing Finance Hearing

  By Claude R. Marx  |  June 24, 2011

  Senate Banking Committee panel to hear about importantce of secondary housing market to small financial institutions.

• Federal Home Loan Banks Are Ready Partners

  March 30, 2011

  We agree with David Reiss that credit unions could benefit from increased competition resulting from a privatized mortgage market ("Professor Says CUs Should Back GSEs' Privatization," March 2, page 3) provided, as he states, that "they maintain their access on par with that of larger financial institutions." Otherwise, credit unions...

• Key Housing Official to Run Mortgage Bankers Group

  By Claude R. Marx  |  March 15, 2011

  David Stevens, the director of Federal Housing Administration, was named the president/CEO of the Mortgage Bankers Association today.

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  Speaker Boehner Vows to Work Toward Regulatory Easing

  By Claude R. Marx  |  March 4, 2011

  WASHINGTON — House Speaker John Boehner promised that the House will work hard to ease the regulatory burden so credit unions can lend more money and businesses can create new jobs.

• On-Site Coverage: Bachus Urges CUs to Lobby on Interchange Rule Change

  By Claude R. Marx  |  March 2, 2011

  WASHINGTON — House Financial Services Committee Chairman Spencer Bachus urged credit union advocates to lobby members of Congress, especially in the Sentate, to lessen the impact of the Federal Reserve's proposal on debit interchange.

• Professor Says CUs Should Back GSEs’ Privatization

  By David Morrison  |  March 2, 2011

  A professor of law at Brooklyn Law School argued that credit unions should back the privatization of Fannie Mae and Freddie Mac, provided they can also ensure they get the same access to a privatized secondary mortgage market that banks would get.

• Are GSEs Dead Enterprises Walking?

  By Claude R. Marx  |  February 23, 2011

  Fannie Mae and Freddie Mac should eventually be abolished and the government should cut back its role in the housing market while financial institutions should hold more capital.

• Treasury Official Says Reformed Fannie, Freddie Will Bring Stability

  By Claude R. Marx  |  September 22, 2010

  A top Obama administration official wouldn't spell out its plans for reforming Fannie Mae and Freddie Mac but said the goals of any program will be to ensure available mortgage credit,