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Fed Cuts Interest Rates

By David Morrison

WASHINGTON -- As widely anticipated, The Board of Governors of the Federal Reserve has cut its target for the federal funds rate 25 basis points to 4-1/4%, though some are disappointed that the cut was not deeper.

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Fed Cuts Interest Rates

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NAFCU Brokers a "Workable Solution" on Mortgage Bankruptcy

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Regulatory & Compliance Stories

December 10, 2007

Third Quarter Mortgage Borrowing Down; Mortgage Debt Rises

PLANO, Texas -- ReSources, the Southwest Corporate Advisory Services newsletter reported that Third Quarter mortgage borrowing was down, posting a $691 billion annual pace after an $800 billion gain in the previous three months. Home mortgage debt rose 6.8% in the quarter; likely due to tighter lending standards being adopted,...

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December 07, 2007

CDCU Meet With NYC Leaders

NEW YORK -- Leaders from community development credit unions met with leaders from two New York City departments recently to discuss how CDCUs could take a larger role in fighting poverty in the city.

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December 07, 2007

CDCU Meet With NYC Leaders

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December 07, 2007

Virginia League Will Do Its Own Lobbying in 2008; Keep Retained Counsel

LYNCHBURG, Va.-- The Virginia Credit Union League's Director of Public Relations and Communications Lewis Wood informed Credit Union Times today that Reggie Jones will not be lobbying on its behalf during the 2008 General Assembly.

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December 07, 2007

Operating Fee Formula On NCUA Board Agenda For December Meeting

ALEXANDRIA, Va. -- The way NCUA calculates the operating fee that federal credit unions pay to support the agency's regulatory and enforcement efforts is on the agenda of the agency's December board meeting.

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December 06, 2007

Hyland Lays Out NCUA Position On Mortgage Legislation

ALEXANDRIA, Va. -- NCUA Board Member Gigi Hyland told a hearing of the House Financial Services Committee today that whatever federal reform measures are enacted in the current crisis must be even-handed between federally chartered and non-federally chartered mortgage originators.

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December 06, 2007

Banking Lobbyist Key Figure On Beehive Board

SALT LAKE CITY -- One of the reasons some members of the $186 million Beehive Credit Union oppose their CU's proposed move to a mutual bank is the key role they contend a noted Utah banking lobbyist plays on the CU's board.

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Regulatory & Compliance

Top Regulatory & Compliance Stories

Fed Cuts Interest Rates

Fed Cuts Interest Rates

NAFCU Brokers a &quot;Workable Solution&quot; on Mortgage Bankruptcy

Recommended Just For You

Regulatory & Compliance Stories

Third Quarter Mortgage Borrowing Down; Mortgage Debt Rises

CDCU Meet With NYC Leaders

CDCU Meet With NYC Leaders

Virginia League Will Do Its Own Lobbying in 2008; Keep Retained Counsel

Operating Fee Formula On NCUA Board Agenda For December Meeting

Hyland Lays Out NCUA Position On Mortgage Legislation

Banking Lobbyist Key Figure On Beehive Board

NAFCU Brokers a "Workable Solution" on Mortgage Bankruptcy