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On Site Coverage: Frank Praises CUs and Offers Reassurance about Their Future

By Claude R. Marx

WASHINGTON - Because credit unions "in no way'' caused the current financial crisis, there is no reason to impose further restraints on them, House Financial Services Committee Chairman Barney Frank told CUNA's Governmental Affairs Conference today.

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On Site Coverage: Dodd Promises CUs Input During Discussions to Changes in Regulation

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On Site Coverage: Federation Comes Out in Favor of Using TARP Funds

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Regulatory & Compliance Stories

February 24, 2009

On Site Coverage: Hood Urges CUs to Take Advantage of Financial Crisis

WASHINGTON - NCUA Vice Chairman Rodney Hood told credit union leaders today "this is your time to be bold, be heard, and to be there."

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February 24, 2009

Choice One Community FCU Helps Save Congressman Kanjorski's Race

One of the credit union movement's best friends in Congress was on the ropes politically. So who are you going to call?

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February 23, 2009

On-Site Coverage: Hyland Says Rescuing Corporates Key to Preserving CU System

WASHINGTON - The credit union system has thrived in large part because of the corporates and that's why the NCUA is working hard to come up with a viable rescue plan, NCUA Board Member Gigi Hyland said today.

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February 23, 2009

Economists: Bank Nationalization Likely

Government regulator stress testing will probably result in some form of nationalization for the nation's largest banks, say credit union economists.

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February 23, 2009

On-Site Coverage: Kanjorski Urges CUs to Enthusiastically Work for Their Cause

WASHINGTON - Those trying to improve the economy and get more benefits for credit unions will lose their battle "if we get selfish and self protective," Rep. Paul Kanjorski (D-Pa.) said today.

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February 23, 2009

On-Site Coverage: Fryzel Acknowledges Concerns on Corporate Plan but Makes No Promises

WASHINGTON - NCUA Chairman Michael E. Fryzel promised today that his agency would redouble its efforts to find a more palatable solution to the corporate credit union rescue plan.

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February 23, 2009

Stress Testing Will Determine Big Bank Bailouts

As credit unions debate whether or not to accept government bailout money, the ownership of big banks will be determined by stress testing, beginning tomorrow.

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