Regulatory & Compliance

The Credit Union Association of Oregon has announced that it will launch the Oregon Compliance InfoSight, a comprehensive online compliance information system, in January 2008.

Michael Pappas has been appointed new regional administrator for the Small Business Administration's Region II which includes New York State, New Jersey, Puerto Rico and the U.S. Virgin Islands.

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.

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.

WASHINGTON -- Working with consumer groups and members of Congress, NAFCU said that a compromise it sought over H.R. 3609 to allow bankruptcy judges to alter mortgages shall be limited to subprime and non-traditional loans and will be included in a manager's amendment tomorrow at mark-up.

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,...