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Student Lending Market Will Remain Strong for CUs

By Lindsey Siegriest

The opportunity for credit unions as private student lenders remains strong, according to Jon Jeffreys, president of CU Student Choice, despite possible big changes in the student lending market outlined in President Obama's 2010 budget proposal.

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Fannie Mae Posts $58.7 billion Loss

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Tremont CU Services Boston's Micro Loan Fund

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February 26, 2009

FDIC Raises Premiums Due to Impact of Economic Woes

Saying that the increases in bank failures have caused a strain on the insurance system, the FDIC today announced a 7 basis point increase in premiums starting next year.

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February 26, 2009

Obama Proposes 13% Increase for SEC Budget

Hoping more funding will help the Securities and Exchange Commission weed out fraud more, President Barack Obama has proposed increasing the agency's 2010 budget by 13%.

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February 26, 2009

NCUA Provides Examiner Guidance Recognizing Corporate Impact, CU SIP

National Credit Union Administration examiners will consider the impact the Corporate Stabilization Program has on balance sheets, according to Supervisory Letter 09-01, issued today.

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February 26, 2009

Class Action Suit Filed Against Heartland on Behalf of Financial Institutions

Three credit unions and two banks have joined together to file a class action lawsuit against Heartland Payment Systems to try to recoup some of the card losses they have taken due to Heartland's card security breach.

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February 26, 2009

NCUA Pushes Glendale Schools to Kill Ad

The NCUA made clear Friday it expects to follow through on a request to a Los Angeles credit union to delete a safety/soundness ad from its Web site on grounds CU messaging on unsafe banks runs counter to regulations.

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February 26, 2009

Combination of Events Behind CU National's BK

Crisis management firm NachmanHaysBrownstein, Inc., said it didn't intend for its press release to imply one credit union client was to blame for the recent bankruptcy filing of U.S. Mortgage Corp. and its CU National Mortgage subsidiary.

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February 26, 2009

Federation Celebrates Proposed Increase in CDFI Funding

The National Federation of Community Development Credit Unions is celebrating the Obama Administration's proposal to double the amount of money appropriated to the U.S. Treasury Department's CDFI Fund.

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Top News Stories

Student Lending Market Will Remain Strong for CUs

Fannie Mae Posts $58.7 billion Loss

Tremont CU Services Boston's Micro Loan Fund

Recommended Just For You

News Stories

FDIC Raises Premiums Due to Impact of Economic Woes

Obama Proposes 13% Increase for SEC Budget

NCUA Provides Examiner Guidance Recognizing Corporate Impact, CU SIP

Class Action Suit Filed Against Heartland on Behalf of Financial Institutions

NCUA Pushes Glendale Schools to Kill Ad

Combination of Events Behind CU National's BK

Federation Celebrates Proposed Increase in CDFI Funding