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Commentary

American Express Becomes A Bank Seeks Bailout Money

By David Morrison

NEW YORK -- American Express has sought and received Federal approval to become a bank holding company and has reportedly sought $3.5 billion in bailout money from the Treasury, according to the company and press reports.

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Commentary

SBA Offers New Ways to Improve Capital Access

Commentary

CEFCU Hits Record $1 Billion in Loans

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Regulatory & Compliance Stories

November 12, 2008

CUNA Requests a Hand in Designing Registry

WASHINGTON - CUNA has requested that it be part of the process to design the national registry that will include credit union loan origination staff.

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November 12, 2008

Becker Urges Paulson to Change Course

WASHINGTON - Saying that credit unions "will be unfairly constrained in their ability to address the challenges that they now face through no fault of their own."

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November 12, 2008

CUISPA Confab to Again Host NCUA Session

AUSTIN, Texas -- NCUA information security specialists will again hold a panel discussion on compliance examination at the annual gathering of the Credit Union Information Security Professionals Association.

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November 12, 2008

Fryzel Urges Paulson to Reconsider Asset Purchases

WASHINGTON -- Saying that in light of the financial crisis he must be "proactive rather than reactive,'' NCUA Chairman Michael E. Fryzel

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November 11, 2008

Regulators Urge Banks to Lend More Money

WASHINGTON - Responding to widespread concern that there is not enough capital available to businesses, the three agencies that regulate banks today urged all banks to expedite their lending.

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November 11, 2008

HUD Unveils New GFE Form

WASHINGTON - HUD today issued long-awaited rules for RESPA reform.

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November 11, 2008

European CUs Preparing for Life With Single Regulator

SAN DIEGO - The World Council of Credit Unions will wrap up its fall board meeting here today, concluding a thrice-yearly event in which all 14 members of the board meet together in person.

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