Regulatory & Compliance

WASHINGTON - CUNA today urged lawmakers to make Troubled Asset Relief Program funds available to credit unions and a change in the rules to allow credit unions more access to outside capital.

WASHINGTON - NAFCU today again urged lawmakers to use some of the money set aside to help troubled financial institutions to buy bad mortgages.

WASHINGTON - The NCUA today asked for credit unions to be eligible for Troubled Asset Relief Program funds and an increase in the amount of money the insurance fund can borrow from the Treasury Department.

WASHINGTON - In one of his last acts in office, President Bush plans to ask Congress to release the additional $350 billion allocated for the Troubled Assets Relief Program though lawmakers want to place additional safeguards on how the money is spent.

WASHINGTON - In another blow to the GOP's chances to regain control of the Senate in next year's elections, Sen. George Voinovich (R-Ohio) announced today he would not seek re-election in 2010.

WASHINGTON - A bill allowing judges to rewrite the mortgages of people filing for bankruptcy won't be opposed by Citigroup, but still has a way to go before passing.

WASHINGTON - Sen. Christopher Bond (R-Mo.) a key player on housing issues, said today he will not seek a fifth term when he is up for re-election in 2010.

WASHINGTON - Although Barack Obama has been called president-elect since election night, Congress will officially give him the title today.