News

The Obama administration today awarded $486 million to 11 states and the Virgin Islands to finance the construction of affordable housing.

Nearly 80% of investors said they are angry about the lack of reforms in the financial markets and are demanding stronger actions to be taken, according to a new survey.

U.S. Central is forecasting $47.9 million in noninterest expense for 2009, compared to the $64.2 million it spent in 2008, which marks a 25% reduction.

The Senate Appropriations Committee yesterday approved a $46.4 billion spending bill that includes a provision giving the Central Liquidity Facility about $40 billion in borrowing authority and not be subject to a cap.

The SEC said California's IOUs are indeed securities and holders and buyers of the registered warrants are protected by the provisions of the federal securities laws that prohibit fraud in the purchase or sale of securities.

Credit unions and community banks were featured in a July 8 ABC News segment for charging lower overdraft fees than bigger, national banks.