Regulatory & Compliance

ANN ARBOR, Mich. -- Bill Beardsley fondly recalls the days when he was a volunteer consultant working with an incubator program that helped budding entrepreneurs launch and expand their small businesses.

WASHINGTON - Sen. Joseph Lieberman (I-Conn.), one of the strongest supporters of credit unions on Capitol Hill, dodged a political bullet today.

WASHINGTON - Sen. Joseph Lieberman (I-Conn.), one of the strongest supporters of credit unions on Capitol Hill, will learn today what the consequences are for having endorsed GOP nominee John McCain.

WASHINGTON - U.S. Senator Dick Durbin (D-Ill.) introduced legislation yesterday that would allow bankruptcy judges to modify the terms of troubled mortgages on primary residences.

WASHINGTON - Credit unions in New Jersey would be allowed to accept deposits from cities and townships, if the No. 2 Democrat in the state Senate gets his way.

WASHINGTON - The financial rescue legislation was aimed at stabilizing the market, not jump starting the economy, Treasury Secretary Henry Paulson told lawmakers today.

WASHINGTON -- The FDIC announced in a legal opinion letter on Nov. 13 that it will insure the money placed on gift cards and other prepaid cards issued by banks.

WASHINGTON - The Senate comes back today and the House later this week for a session at which lawmakers will consider measures aimed at lessening the impact of the current economic crisis.