Credit Union Journal articles from January 2005

Credit Union Journal archives from January 2005

Up To 800 Credit Unions Hit By Tsunami.
January 10, 2005... Ten days after the tsunami struck this island country and South Asia, the Sri Lankan Credit Union Federation (SANASA) was estimating that as many as 800 SANASA primary societies (credit unions) in that country were destroyed. The World...

Giant Texas CU Seeking To Convert To Savings Bank.(Community Credit Union)
January 10, 2005... In what would be the biggest conversion of a credit union yet, Community CU said last week it has applied to state and federal regulators to switch charters to a mutual savings bank. Plans call for the $1.7-billion credit union-four times...

Five New Year's Resolutions Recommended: 2005 Things Your CU (And You) Should Do During.
January 10, 2005... Experts in a variety of fields have some advice on the kinds of resolutions credit unions need to be making as 2005 gets under way, including being less cautious in how they are structuring their investment portfolios. Analysts with WesCorp...

Group of Workers At CUNA Mutual OK Split.(Cuna Mutual Insurance Society)
January 10, 2005... Frustrated over stalled contract negotiations, a group of white-collar workers at CUNA Mutual Insurance Group voted last week to separate from the company's main employees union and create their own bargaining unit within the union, the Office...

Top-Notch Agenda For Biz Development Meeting Is Finalized.
January 10, 2005... Is one of your resolutions for 2005 seeking to grow your credit union? Are you looking for ways to open doors at SEGs, leverage a community charter, or just better penetrate the membership you already have? If those are more than just...

On Deadline.
January 10, 2005... Three More TIPs Charters Get Approval ALEXANDRIA, Va.-NCUA said it approved three more TIPs charters, including one that will help buffer another airline credit union from the industry's downturn by allowing it to spread its wings...

California, Nevada Media Effort Set For January 19.(California and Nevada Credit Union Leagues advertising)(Brief Article)
January 10, 2005... The California and Nevada Credit Union Leagues expect to begin airing radio spots for their $6 million public advocacy campaign on Jan. 19, a spokesman for the California league told The Credit Union Journal. Funding for the campaign was...

Bill Would Exempt Loans To Religious Groups From MBL Cap.(Faith-Based Lending Protection Act)(Brief Article)
January 10, 2005... Two long-time credit union supporters in Congress, Rep. Ed Royce (R-CA) and Rep. Paul Kanjorski (D-PA) last week introduced a bill (H.R. 191) that would assist credit unions in providing financial services to non-profit religious organizations....

Worth Noting.(Credit Unions)(Comala Credit Union)
January 10, 2005... Year-End Dividends Announced LOWELL, Mass.-More credit unions are beginning to report their year-end bonuses for members. For the 11th consecutive year, the $600-million Jeanne D'Arc Credit Union is distributing year-end bonuses to...

Our Resolutions For Readers Of The Credit Union Journal.(Editorial)
January 10, 2005... There's an old joke about credit union board members who, when a consultant recommended they find out what members want, they asked each other. After all, they are all members. The Credit Union Journal has always had its own quirky way of...

Leagues In Western States, Pacific, Map Their Plans For Coming Year.
January 10, 2005... The credit union leagues in the western half of the United States gave remarkably similar answers when asked what they planned to do in the new year: improve political advocacy locally and nationally, and beef up education for their member CUs....

What You Can Do Now To Prepare For Continued Rising Rates In 05.
January 10, 2005... Everyone would likely agree that interest rates are at an all-time low, and the only place to go is up. The question is how soon and how much. Former NCUA Chairman Dennis Dollar has suggested that while interest rates may climb a couple of...

Home Equity Loan Fever Will Offset Cooling Refi Market.(refinancing trends)
January 10, 2005... Home equity loan fever, a replacement for the overheated re-fi market, and the need to find and nurture top talent are three of the trends being forecast for this year Lee Howlett, CEO of Integrated Loan Services. Rounding out Howlett's...

Wisconsin League Partners With Wis. Dept. Of Revenue On VITA Program.(Volunteer Income Tax Assistance)(Wisconsin Credit Union League is partnering with Wisconsin. Department of Revenue)
January 10, 2005... The Wisconsin Credit Union League is partnering with the Wisconsin Department of Revenue to prevent low-income tax filers from becoming prey to unscrupulous lenders. Starting in January, CUs will offer assistance with refunds to Volunteer...

CU Intro's Payday Loan Alternative.(Unitus Community Credit Union introduces Advance Loan service)(Brief Article)
January 10, 2005... Unitus Community Credit Union has become the latest credit union to roll out a payday lending alternative for members. Called the "Advance Loan," the product allows eligible members to borrow from $50 to $500 on a repayment plan of one month...

CU 24, GenPass Form Alliance.(Credit Union 24 Inc. is entering into alliance with Genpass Inc.)(Brief Article)
January 10, 2005... Credit Union 24, Inc., which provides ATM and POS network services to more than 410 credit unions in 23 states, said it is entering into an alliance with Genpass, Inc., manager of the MoneyPass surcharge-free EFT network and the second-largest...

CU-Led Coalition Against Payday Lenders Awaits Ruling.
January 10, 2005... In a case that could reverberate around the country, lenders of all sorts are anxiously waiting for the state Supreme Court to rule whether fees charged by payday lenders should be considered as interest and thus, subject to the state's usury...

Kansas Bankers Association Convinces Legislature To Review CU Oversight.(Brief Article)
January 10, 2005... The state legislature's Post Audit Committee, based on prompting from the Kansas Bankers Association (KBA) has initiated a review of the state's oversight of credit unions. The review, formerly requested by the legislature's Financial...

Product & Service.(credit unions' contracts)
January 10, 2005... HRCU Selects MortgageClick ROCHESTER, N.H.-The $100-million Holy Rosary Credit Union here has selected Woburn, Mass.-based MortgageClick to expand its mortgage lending initiatives. MortgageClick's web-based platform, created by Prime...

Effort To Pass Bankruptcy Reform Begins Again.
January 10, 2005... Since the credit union and the banking lobby succeeded in getting a bankruptcy reform bill introduced in Congress nine years ago, almost 10 million Americans have filed for personal bankruptcy, about two million of them credit union members....

New Strategies For Reg Relief Legislation.(Credit Union Regulatory Improvement Act)(Brief Article)
January 10, 2005... Another bill expected to be introduced in the early days of the 109th Congress is the regulatory relief bill for credit unions, the CU Regulatory Improvement Act, better known as CURIA. The credit union lobby in Washington had great...

NCUA Board's Make-Up Could Affect FOM Vote.(Brief Article)
January 10, 2005... Even though it's been 10 months since the NCUA Board has had its full compliment of three members, there's still no word from the White House on a nomination to fill the board's vacancy. Some observers are wondering whether the White House...

People.(appointments)
January 10, 2005... South Carolina Federal Credit Union, North Charleston, S.C., named R. Scott Woods chief executive officer. The California Credit Union League, Rancho Cucamonga, Calif., promoted Bob Arnould to senior vice president of government affairs....

Motorcycle Gang Members Charged In Robbery, Murder At Dearborn FCU.
January 10, 2005... Two motorcycle gang members were arrested last week and charged in the bloody December 2001 assault on a cash-delivery truck at Dearborn FCU when the robbers shot one of the guards to death outside the credit union, then made off with $204,000....

USA FCU Named Among '10 Best'.(USA Federal Credit Union )(The Principal 10 Best Companies for Employee Financial Security)(Brief Article)
January 10, 2005... USA FCU has been named one of the 2004 winners of The Principal 10 Best Companies for Employee Financial Security. The nationwide program, which is sponsored by the Principal Financial Group, recognizes growing companies (between five and...

Analysts Foresee Strong Branch Growth (With Thought).
January 10, 2005... As credit union fields of membership continue to widen, credit unions are expanding their branching strategies. But it isn't being done as part of a building frenzy, according to facilities experts. "Credit unions are becoming much more...

What Facilities Experts Also Foresee.(usage new technologies at credit union branches)(Brief Article)
January 10, 2005... Look for new technologies (and a few old standbys) to take center stage at credit union branches in 2005. "I do see technology continuing to grow at credit union branches," said DEI's Ned Compton. "Even as technology is allowing people to...

In The Plans.(design and construction of new branch facility of credit unions)(Brief Article)
January 10, 2005... Redmond Completes Family First CU WAUKESHA, Wis.-The Redmond Company completed the design and construction of a new branch facility for Family First Credit Union in Freeland, Michigan. Family First Credit Union also asked Redmond to...

Bank That Is Subsidiary Of Canadian CU Performs 'Beyond Expectations'.(Prospera Credit Union's Ubiquity Bank)
January 10, 2005... Ubiquity Bank, the virtual bank chartered by Prospera Credit Union as a means of serving people living outside of the CU's provincial charter, won't celebrate its first birthday for a few months, but look for things for both the bank and its...

CU Journal Hosts First CEO Summit; Will Help Drive 2005 Coverage.(Credit Union Journal)(Brief Article)
January 10, 2005... The Credit Union Journal hosted its first-ever CEO Summit here. In attendance were leaders of some of the largest and most progressive credit unions in California. The four-hour-plus discussion was led by John Gregoire of the Pro Con...

Four NCUA Execs Make List Of Highest Paid.(United States. National Credit Union Administration)(Brief Article)
January 10, 2005... Four NCUA officials made a list of the 50 Highest Paid Regulators as assembled by The American Banker, an affiliate of The Credit Union Journal. James L. Skiles, executive director, was ranked No. 5 on the list with $270,882 in salary....

Hot Toy Of The Holiday Season Was An ATM.(Youniverse ATM Machine)(Brief Article)
January 10, 2005... One of the hottest toys of the just-concluded Christmas season turned out to be a mini-ATM-for kids. Called the "Youniverse ATM Machine" and manufactured by Summit Financial Products, the machines sold out at stores (10,000 from Toys R Us in...

Report Features Alternatives' VITA.(Volunteer Income Tax Assistance )(Brief Article)
January 10, 2005... Altneratives FCU's Voluntary Income Tax Assistance and Low-cost Tax Refund Anticipation Loans were featured in the recent 2004 Ford Foundation Report. The report lauded Alternatives as a CU with "a national reputation as a leader in...

SBA Grants Express Status to COFCU.(United States. Small Business Administration granted SBAExpress status to Community One Federal Credit Union)(Brief Article)
January 10, 2005... Community One Federal Credit Union has recently been granted SBAExpress status by the U.S. Small Business Administration (SBA), which minimizes the paperwork and makes for faster responses for applicants. Community One Federal Credit Union...

FIVE Trends, Concerns, Strategies And Sage Advice For 2005.
January 10, 2005... Pace of Bank Conversions to S-Corps to Quicken CHICAGO-Nearly a quarter of banks and thrifts have converted to S Corporation status in the eight years since such conversions were made legal, and the pace will quicken. According to new...

5 Things Your CU (And You) Should Do During 2005.
January 10, 2005... 1. Don't Let Software Turn a Loan Application Down By Lisa Freeman, Associate Editor ELGIN, Ill.-If "improve lending" isn't among the top five things on the credit union's "things to do" list in 2005, it should be, according to one...

The Credit Union Journal Asked Readers.
January 10, 2005... If You Could Be Donald Trump For A Day And Put A Credit Union-Related Challenge Before The Two Teams Competing On NBC's "The Apprentice," What Would It Be? Tim McCoy, VP of Strategic Services, Texans CU The Challenge: Create a national...

No Fraud Reported After Server Stolen From CU Marketer.(Schools Financial Credit Union )
January 10, 2005... A server containing personal information for 33,800 members of Schools Financial Credit Union was stolen from a Lake Forest, Calif.-based marketing company on July 9, but a spokesperson for the credit union reported that as of mid-December,...

Eye On The Competition.(banking industry)
January 10, 2005... ATLANTA-CompuCredit, a subprime credit card and specialty finance firm, is moving into auto lending with its acquisition of a Wells Fargo & Co. unit, the Lake Mary, Fla.-based Wells Fargo Financial Consumer Auto Receivables. For CompuCredit the...

The CU Journal Daily.(credit union)
January 10, 2005... CD Rate Is Tied To Super Bowl PORTSMOUTH, N.H.-Members of Northeast CU can bet on their favorite football team in next month's Super Bowl through the credit union's "Super CD" promotion, introduced last month. Members were offered the...

Holiday Community Page.(Credit unions donate food)
January 10, 2005... CUs Donate Food During Holidays * American First Credit Union in La Habra, Calif., collected 700 food items for the Salvation Army and 90 gifts for families in need. * First Northern Credit Union in Rockford, Ill., held a food drive...

One Member's Journal.(Kiernan O'Brien provide help in areas hit by the tsunami)(Brief Article)
January 10, 2005... Kiernan O'Brien, a member of THE Credit Union of Palm Beach County (Flordia), left here last week on a spur-of-the-moment trip to provide help in areas hit by the tsunami. At the time he was departing, O'Brien told The Credit Union Journal...

CUs Lose 'Great Friend'.(Credit Unions)(Robert Matsui)(Brief Article)(Obituary)
January 10, 2005... The death of Rep. Robert Matsui (D-CA) means credit unions have lost a "great friend," according to the California league. Matsui, 63, died of Myelodysplatic Syndrome, which weakens the immune system. "Robert Matsui was a dedicated public...

Stadium Name Deal Signed.(Sky Sox Stadium)(Colorado Springs Sky Sox)(Brief Article)
January 10, 2005... Security Service FCU has entered into a 12-year deal with the Colorado Springs Sky Sox to rename Sky Sox Stadium here after the credit union. Among the names being considered in the deal, which is for between $1 million and $1.5 million, are...

CUs Step In To Help Tsunami Victims: World Council Reps Arrive; Credit Unions Raise Millions.(credit unions)(World Council of Credit Unions representatives)
January 17, 2005... Representatives of the World Council of Credit Unions were delayed in their efforts to reach areas of Asia hit by the devastating tsunami but were expected to arrrive over the weekend. In the meantime credit unions and credit union...

Goal To Diversify CU Management: Internship Program Introduces Minorities To Credit Unions.(credit union)
January 17, 2005... As credit unions continue to diversify everything from their products and services to their fields of membership, another type of diversity has become a long-term project for the group: diversification of CU leadership. While credit union...

Auto-Funding Online Sign-Ups: Firm's Solution For New Accounts Is Popular.(New Accounts Online solution from Andera Inc.)
January 17, 2005... Eager to build the true virtual branch, credit unions are embracing solutions that instantly fund and open new accounts online-and that can spike new membership rates at their websites. In efforts to automate account opening and funding and...

NCUA Board OKs Tougher Rules For Conversion Attempts.(National Credit Union Administration)
January 17, 2005... Fueled by concerns over the ever-larger size of credit union conversions, the NCUA Board last week approved new rules requiring broader disclosures to members when converting to a mutual savings bank. The new rules will require potential...

Manager Defies Advice, Helps Hook 'Fishing Hat Bandit'.(Real Financial Credit Union manager helps in capturing a notorious bank robber)
January 17, 2005... The manager of Real Financial Credit Union wasn't about to let the Fishing Hat Bandit slip off the hook a second time the elusive serial robber hit his credit union. So Dean Wickstrom did what all the bank robbery instructors tell you not...

On Deadline.(credit union news)(Clark County Credit Union)
January 17, 2005... Clark County CU Leads Way On Bonus Refunds LAS VEGAS-Clark County CU is paying a $5.3-million bonus divided to 34,000 members who will average $155 in funds rebated. One member received more than $58,000. Payments are based on the sum of...

CUs Weather Storms, Snow; For 1, Just-Fixed Branch Flooded.(credit union)
January 17, 2005... Ohio Valley Community Credit Union officials were mopping up last weekend after the Ohio River flooded, causing major damage to two of its five branches for the second time in less than four months. Muddy water filled both the Marietta...

Worth Noting.(credit union news)
January 17, 2005... 48 Sold Portfolios During Q3 PETERBOROUGH, N.H.-During the third quarter of 2004, 48 credit unions sold their card programs, totaling $393 million in receivables, according to analysis by card portfolio brokering firm Brookwood Capital....

Bill Cosby would find little funny in conversion attempts.(Lake Michigan Credit Union conversion)
January 17, 2005... Where is Bill Cosby when you really need him? Credit unions sure could use a leader these days willing to take a little heat! As you know, the father of "Fat Albert" certainly has the temperature turned up to a full boil, of late, within the...

Members OK PULSE Sale To Discover; Could Be Windfall For Some Texas CUs.(PULSE EFT Association member ready for network sale to Discover Financial Services)
January 17, 2005... During a special meeting last week, members of PULSE EFT Association overwhelmingly approved the acquisition of one of the last surviving independent electronic funds transfer networks by Discover Financial Services, a unit of brokerage giant...

The Coffee Break Reader Challenge!
January 17, 2005... Last month readers of The Credit Union Journal sounded off on the CU challenge they'd like to present to contestants on the TV show, 'The Apprentice.' This month, in conjuction with the issue to be distributed during CUNA's GAC, we're...

Why Our Credit Union Has Wrestled With Realities Of 'Courtesy Pay'.
January 17, 2005... As credit unions seek new and innovative ways to serve members, we often look to other players in the financial services arena for ideas. One such service that banks have provided throughout the years for their prime customers is called...

Using Our Fees As A Point Of Differentiation.
January 17, 2005... Building relationships founded on trust is the goal of Affinity Plus Federal Credit Union. At our organization we firmly believe that doing what's right for each and every member is the road to our success-philosophically, financially and...

Worth Noting.(credit union news)
January 17, 2005... Cease-And-Desist Order Terminated BLYTHEVILLE, Ark.-NCUA has terminated a cease-and-desist order issued on June 1, 2004, against Northeast Arkansas FCU to correct substantial accounting problems. The agency indicated problems have been...

With Big, New Player In Town, CU Adds 'Concierges'.(credit unions)
January 17, 2005... In an effort to step up its performance standards and compete with its newest neighbor-Bank of America-new, highly trained member relations coordinators will serve as "concierges" in the lobbies of four of Charter Oak FCU's seven branches. ...

Volume Strong For Short-Term Mortgage Refi Offer.(Brief Article)
January 17, 2005... The $565-million US Federal Credit Union here said it has generated $6 million in new loan volume from a new mortgage campaign that has promoted short-term, low-fee refinancings. Called the "Free-in-10 Mortgage," it is designed to allow...

Product & Service.(EFT network)(credit union related tools)
January 17, 2005... Baker Hill Enhances Product Suite CARMEL, Ind.-Baker Hill, a provider of banking process solutions, has updated its ASP-based Origination Suite to enable its clients to comply with the Fair and Accurate Credit Transactions (FACT) Act of...

Leagues Planning Greater Emphasis On 'Communication'.
January 17, 2005... Credit union leagues in several states are reporting they plan to place heavy emphasis on stressing credit union uniqueness this year. As reported in The Credit Union Journal Jan. 10, a number of leagues in western states have been...

Product & Service.
January 17, 2005... TNB Buys 3 More Portfolios DALLAS-TNB Card Services has purchased the credit card portfolios of three of its card processing clients, and will now operate the programs as its own under its agent issuer program. Selling their portfolios...

FYI. IM Brings :) 2 1 CU's IT Dept.(Instant messaging)(Credit unions)
January 17, 2005... Instant messaging is heads above e-mail and the telephone for employees at MacDill Federal Credit Union-but only in select departments. For the 15 employees of the Information Technology (IT) and Electronic Services departments at MacDill...

The 2005 Credit Union Journal Technology Panel.(Brief Article)
January 17, 2005... The following are members of The Credit Union Journal's Technology Panel. They are all given the opportunity to respond to reader questions, in addition to providing input to our technology coverage. John Schooler, USERS, Inc., Valley...

Technology News: FI's To Spend $362 Billion On Information Technology.(Financial institutions)(Brief Article)
January 17, 2005... Financial institutions are projected to spend $362 billion on information technology (IT) in 2005, according to new analysis by TowerGroup. Those investments will, in turn, be used to manage $2 trillion in operational expenses by financial...

Why 1 Piece Of No-Frills Technology Is Worth The Change.
January 17, 2005... In a land ruled by ACH transfers and the dollar, it's hard to count on coins. Yet $10-billion in coins is trapped in pickle jars and piggy banks across the nation, according to estimates made by De La Rue Cash Systems, a UK-based firm that...

Mortgage Loan Volume Soars With Integrated Web App.(Michigan State University Federal Credit Union)
January 17, 2005... Mortgage loan production rose by 35% after Michigan State University Federal Credit Union integrated web applications with its origination system in 2002. "We had offered online mortgages since 2000, but they were not interfaced with the...

Technology News.(Brief Article)
January 17, 2005... 2 CUs Say OK To Symitar SAN DIEGO-Two Oklahoma credit unions have selected Symitar, a subsidiary of Jack Henry & Associates, Inc. to provide enterprise automation. Selecting Symitar were the $1-billion Tinker FCU which serves 170,000...

Use Of PINs When Checks Presented Reduces Fraud Risk.(Personal identification numbers)
January 17, 2005... DuTrac Community Credit Union is lending a hand to area merchants in the fight against check fraud by allowing members to use personal identification numbers (PIN) when they present checks. The $260-million CU is the first financial...

How One Credit Union Is Addressing Its Need For Speed.
January 17, 2005... Credit unions have a need for speed. And although visions of Gigabits may put stars in many a CIO's eyes, a pumped-up infrastructure isn't just about glamour. Gigabit network connections and Hyper-Threading desktops improve employee...

Technology News.(GalaxyPlus)(Brief Article)
January 17, 2005... E-Signatures New Enhancment MADISON, Wis.-CUNA Mutual Group said it has enhanced its MEMBERS Financial Services DRAFT program by adding electronic signature capabilities to eAccount, its online software tool that allows members to open new...

Cisco Pitches Benefits Of 'Self-Defending Network' That Responds Before CU Can.(Credit unions)
January 17, 2005... Can a computer network come to its own defense? Cisco Systems believes it can, and is offering a "Self-Defending Network" solution the company says can respond to viruses and worms before receiving instructions from the credit union's IT...

CAFCU Runs XP2 On IBM POWER5.(Corporate America Family Credit Union)(Brief Article)
January 17, 2005... XP Systems, a unit of Fiserv, Inc., said that Corporate America Family Credit Union of Elgin, Ill., has become the first client to run the XP2system on IBM POWER5 server technology, an upgrade from its IBM RS/6000 hardware platform. Two...

SECU Extends With Digital Insight.(State Employees Federal Credit Union)(Brief Article)
January 17, 2005... The $1.2-billion State Employees FCU here has signed an extension of its agreement with Digital Insight to bring an online banking solution to its members. The credit union is crediting new business from the online channel for helping it to...

eCU Technologies Offers e-Alerts.(Brief Article)
January 17, 2005... CU Technologies, an automated financial service technology provider for credit unions and a CUSO of Pennsylvania State Employees CU, has created a strategic alliance with DocuMatix, a provider of on-line marketing tools and services for credit...

BISYS, Hyland Software Partner.(Brief Article)
January 17, 2005... Hyland Software, Inc., developer of the OnBase enterprise content management (ECM) software suite, and BISYS, a provider of outsourcing solutions for the financial services sector, have formed a strategic alliance that will position OnBase as...

15 CUs, League To SilverCloud.(Credit unions' information management solution)(Brief Article)
January 17, 2005... Fifteen more Credit Unions and one state league have become the latest to sign with SilverCloud for its information management solution. "We purchased SilverCloud to support our call center and member services teams; to help them provide our...

SmartSource Redesigns 2 Sites.(Brief Article)
January 17, 2005... SmartSource Solutions, LLC, a wholly owned CUSO of Constitution Corporate Credit Union, has redesigned the websites for two institutions: CNBS, LLC, Overland Park, Kan., and Golden Plains Credit Union, Garden City, Kan. Behind the scenes,...

13 CUs In 90 Days To ULTRADATA.(Credit unions core processing systems; Harland Financial Solutions, Inc.)(Brief Article)
January 17, 2005... Harland Financial Solutions, Inc. said that during the past 90 days 13 new credit unions have committed to implement as their core processing systems the ULTRADATA System and CuServ Evolution. CuServ Evolution currently serves more than 250...

USERS Cites 4 Solutions In 2004.(Users Inc.)(Brief Article)
January 17, 2005... USERS, Inc. said that 2004 marked a number of major accomplishments for the company, including the delivery of four new technology solutions that enable credit unions to expand into new markets, operate efficiently, and ensure high availability...

Goal Is To Deliver Huge Petition To Congress...(Brief Article)
January 17, 2005... Lawmakers will get a present from the credit union lobby just after they start the 109th Congress-a massive petition that will have millions of names on it asking Congress to retain the credit union tax exemption. The drive is the latest...

...But Utah Legislature Presses On With Its Own.
January 17, 2005... One petition that is not expected to go very far is one the Utah legislature is preparing that would ask Congress to step into the Utah banks' long-time war with credit unions on behalf of the banks. Credit union opponents started the new...

Fed Paper To Fuel Fire Around GSE Oversight.(Government Sponsored Enterprise)(Federal Reserve Board)
January 17, 2005... The Federal Reserve issued a paper last week that is sure to fuel the simmering fire over regulatory oversight of the secondary mortgage market, specifically Fannie Mae and Freddie Mac. In its paper the Fed argued that the two...