Just because the Federal Reserve is cutting interest rates, don’t expect your credit card company to necessarily do the same.
Source:Fed's rate cut no big boon to credit card users (AP)
Written by admin on December 19th, 2008 with no comments.
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In a Dec. 16 story about a group of credit unions offering low-cost auto loans, The Associated Press reported erroneously in one instance that the credit unions have pledged $22 million in financing.
Source:Correction: Credit union auto loan story (AP)
Written by admin on December 19th, 2008 with no comments.
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It’s bad enough to be laid off, but to lose your job in the midst of one of the steepest economic downturns of recent memory - that’s even more difficult.
Source:Top Tips: Post-layoff health care (CNNMoney.com)
Written by admin on December 19th, 2008 with no comments.
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Cash-strapped consumers got some welcome news on Thursday when regulators voted to rein in controversial credit card practices. But they’ll have to wait another year and a half to get relief - the new rules won’t take effect until July 1, 2010.
Source:Federal Reserve Board approves new credit-card rules (CNNMoney.com)
Written by admin on December 19th, 2008 with no comments.
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Modifying troubled mortgages to make them affordable is necessary to end the housing crisis, Sheila Bair, chairwoman of the Federal Deposit Insurance Corp., said.
Source:Modifying troubled mortgages is a must: FDIC chief (at MarketWatch)
Written by admin on December 19th, 2008 with no comments.
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Federal regulators on Thursday adopted sweeping new rules for the credit card industry that will shield consumers from increases in interest rates on existing account balances among other changes.
Source:Regulators adopt new credit card rules (AP)
Written by admin on December 19th, 2008 with no comments.
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Regulatory compliance is the backbone of a financial institution’s information security program. But compliance alone isn’t enough, says John Pironti of ISACA’s Education Board, who advises institutions to take a risk-based, not a “checklist-based” approach to security.
In an exclusive interview, Pironti discusses:
The risks of ‘Security by Compliance’;
Top risk management/compliance issues of 2009;
What will be the [...]
Written by admin on December 19th, 2008 with no comments.
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The Federal Reserve Board on Wednesday extended the end of the comment period on its proposal to revise the disclosure requirements for mortgage loans under Regulation Z (Truth in Lending) from January 23, 2009, to February 9, 2009.
Source:Federal Reserve extends comment period on proposal to revise disclosure requirements for mortgage loans under Regulation Z to [...]
Written by admin on December 19th, 2008 with no comments.
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The following are the updates for the date of December 16, 2008 from the Office of Thrift Supervision.
Source:OTS update: Supervision
Written by admin on December 19th, 2008 with no comments.
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The federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to define “small bank,” “small savings association,” “intermediate small bank,” and “intermediate small savings association” under the Community Reinvestment Act (CRA) regulations.
Source:Agencies Release Annual CRA Asset-Size Threshold Adjustments for Small and Intermediate Small Institutions
Written by admin on December 19th, 2008 with no comments.
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