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Fed Funds Cut by Half Point; Other Central Banks Take Similar Actions

By Claude R. Marx

WASHINGTON-- Responding to the continuing woes of the world's financial markets, the Federal Reserve today joined with other leading central banks to cut key interest rates.

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Fed to Buy Unsecured Debt of Companies

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CUs Should Seek Alternative Capital, Attorney Says

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Regulatory & Compliance Stories

October 07, 2008

CUs Should Seek Alternative Capital, Attorney Says

WASHINGTON -- Credit unions declined to comment on the immediate effect of the financial rescue plan signed into law lastFriday. But one attorney suggests that CUs look for alternative sources of capital and to Europe for new loan products.

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October 06, 2008

Regulators Close 12th and 13th Federally Insured CUs This Year

WASHINGTON -- Two credit unions closed last week, bringing the total number of federally insured credit unions to close this year to 13.

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October 06, 2008

Fannie Mae Cancels Increase in Adverse Market Delivery Charge

WASHINGTON -- Fannie Mae has canceled the increase in adverse market delivery charges scheduled to go into effect next month.

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October 06, 2008

NCUA Simplifies Rules on Revocable Trusts

ALEXANDRIA, Va. -- The NCUA Board has approved an interim rule change which eliminates the concept of a "qualifying beneficiary" of a revocable trust account so coverage can be based on the naming of any beneficiary.

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October 06, 2008

NCUA Simplifies Rules on Revocable Trusts

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October 03, 2008

Bush Signs Economic Bill

WASHINGTON -- Wasting no time after final congressional action, President Bush signed the bill passed by the House today aimed at providing relief to the nation's troubled financial system.

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October 03, 2008

Bush Signs Economic Bill

WASHINGTON -- Wasting no time after final congressional action, President Bush signed the bill passed by the House today aimed at providing relief to the nation's troubled financial system.

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