Search Results

Sometimes the best settlements are those that neither side likes, the idea being that the best resolution involves substantial compromises from both sides. The same can be said for the current debate surrounding predatory lending and the recent rules that the Federal Reserve Board (Fed) has issued addressing the problem....

ARLINGTON, Va.-NCUA Secretary to the Board Becky Baker, a 1956 Olympic runner, carried the 2002 Olympic torch from the Arlington Court House through part of northern Virginia Friday, December 21 while family, friends, and even strangers looked on and cheered. Because Baker contracted pneumonia just prior to her own Olympic...

ARLINGTON, Va. - NASCUS management notified Rep. Robert Ney (R-Ohio) of the association's support of H.R. 2796, the Federal Home Loan Bank Membership Act of 2001, which the congressman introduced. H.R. 2796 would allow state-chartered privately insured credit unions to belong to the Federal Home Loan Bank. "This legislation is...

Medical Area Federal Credit Union, Boston, has named Nicole James CEO. Power Federal Credit Union, Syracuse, N.Y., has promoted Brenda Carhart to vice president of lending and Mark Baker to vice president of information technology.

WASHINGTON-In the 21st bankers lawsuit against credit unions since 1984, and the only suit since the passage of the Credit Union Membership Access Act (H.R. 1151), the U.S. Court of Appeals for the District of Columbia found the bankers' case without merit. The American Bankers Association (ABA) filed suit against...

WASHINGTON - Individual retirement accounts are poised to become even more of a viable investment choice when new contributions limits are put in place on Jan 1, 2002. Up until now, IRA contributions were limited to $2,000 a year per person, but the 2002 changes mean that an individual over...

MADISON, Wis. - The Wisconsin Assembly Committee on Financial Institutions voted unanimously to recommend passage of Assembly Bill 650 - the "Next Economy" bill. A.B. 650 is a direct result of the Gov. Scott McCallum's Feb. 28th Summit on Venture Capital. The bill is designed to change the state's corporate...

It is time to fess up on how my January 3, 2001 predictions for the then-new year panned out. Looking back over the past 12 months, here's how I did: I predicted that Board Member Yolanda Wheat would be named NCUA Chairman by President Clinton in the waning days of...