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Bill Issues One-Year Freeze on Retirement Account Distributions

By Staff Writer

WASHINGTON -- The Senate has introduced the Worker, Retiree and Employer Recovery Act of 2008, a new bill aimed at protecting the savings of America's seniors invested...

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CDFI Supporters Hail Obama Victory With Hopes for a Promising Future

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Senate Banking Panel Democrats to Bush: Address Foreclosure Crisis

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Regulatory & Compliance Stories

November 18, 2008

Treasury Backs Off Illiquid Assets Buys

WASHINGTON -- Credit unions are working with the Treasury Department and the NCUA to find an alternative funding source in light of the Bush administration's decision to put on hold the plan to buy the troubled mortgages of financial institutions.

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November 18, 2008

Plans to Promote Small Businesses Could Bring Obama and CUs Closer

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.

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November 17, 2008

Lieberman Gets Minor Punishment for Bucking Party

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

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November 17, 2008

Lieberman to Learn Punishment for Bucking Party

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.

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November 17, 2008

Senator Introduces Bill to Allow Cramdowns

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.

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November 17, 2008

Bill Introduced in NJ Allowing Credit Unions to Accept Municipal Deposits

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.

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November 17, 2008

Paulson Says TARP Good First Step to Help Spark Recovery

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

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