Credit Union Times | Accurate and Timely CU News

CUs Have New Resource For Complying With Federal Credit Law

By Claude R. Marx

WASHINGTON -- Credit unions working to comply with the new federal law on identity theft protection can get help from a free Web site launched Wednesday by Wolters Kluwer Financial Services.

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NEWPORT BEACH, Calif. -- The Securities and Exchange Commission has proposed a change to Regulation S-P: Privacy of Consumer Financial Information and Safeguarding Personal Information, which could impact credit union investment programs, according to the National Association of Credit Union Service Organizations.

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May 07, 2008

Fannie Mae Posts $2.2 Billion Loss; Will Raise Additional $6 Billion

WASHINGTON -- Despite posting a quarterly loss yesterday of $2.2 billion, Fannie Mae tempered the bad news with some good: it promised to raise $6 billion from investors to buy more mortgages from credit unions, banks and other lenders.

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May 07, 2008

NAFCU Urges Caution on Fannie/Freddie Reform

WASHINGTON -- Any reform of the government's mortgage buyers should ensure that regulations aren't so tight that they limit their ability to provide liquidity to credit unions, NAFCU told the chairman and ranking member of the Senate Banking Committee.

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May 07, 2008

Affinity FCU Opens Real Estate Resource Center

BASKING RIDGE, N.J. -- Offering a "virtual" home buying center on the Web at (www.affinityfcu.org/realestaterc) together with Home Sold, an independent RE service network, Affinity Federal Credit Union here is helping its members through the buying and selling process.

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May 06, 2008