Regulatory & Compliance

MADISON, Wis. -- The Federal Reserve's move to save American International Group probably did little to calm investor fears, but financial advisers continue to beat the drum for staying liquid and seeking out opportunities to augment long-term goals.

WASHINGTON -- In a widely expected move, a federal judge yesterday entered a remedy allowing three Harrisburg, Pa.-area credit unions to keep their new members but not recruit additional ones in their expanded field of membership.

WASHINGTON -- The bill that requires FHA to accept seller-provided down payments has cleared the House Financial Services Committee.

WASHINGTON -- Seeking to stake out an assertive and activist posture as he begins his tenure, NCUA Chairman Michael E. Fryzel today promised to be aggressive and proactive in dealing with problems faced by individual credit unions and the industry as a whole.

HAVERHILL, Mass. -- The $97 million Northeast Community Credit Union is awaiting its members verdict on its proposed merger with Haverhill Bank.

WASHINGTON -- Using references to food, the Wild West and romance, Democratic and Republican House members today praised the work of credit unions during the current financial crisis.