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2008 News

2008 News

• 2009 priorities set to ensure CUs’ success (December 31, 2008)
  "Many of the issues and challenges faced in 2009 will carry over from the previous year," Becker said, "particularly the continued, increased need for regulatory modernization for the nation's credit unions, challenges posed by Treasury's regulatory blueprint proposal and ongoing discussion of the future of the Community Reinvestment Act."
• Fed sees MBS purchases beginning in January (December 31, 2008)
  The Federal Reserve says it expects to open its program to purchase mortgage-backed securities in early January and reiterated those purchases will be limited to MBS backed by Fannie Mae, Freddie Mac and Ginnie Mae.
• NAFCU offices closing for New Year’s (December 31, 2008)
  NAFCU's offices will be closed from 1 p.m. Eastern today, New Year's Eve, through Jan. 2 and will reopen next Monday.
• NCUA writes CUs on foreclosed properties (December 31, 2008)
  A Decenber Letter to Credit Unions from NCUA encourages credit unions to work with homeowner/borrowers who are having a hard time keeping up with their loans.
• Biden: Stimulus won’t include earmarks (December 30, 2008)
  A $650 billion-to-$850 billion economic stimulus plan slated for early 2009 will include no "earmarks," or funding for lawmakers' pet projects, according to press reports on comments by Vice President-elect Joe Biden.