Government Regulations and News
 The National Credit Union Administration (NCUA) closed Ensign Federal Credit Union of Henderson, Nevada, on November 13, 2009 and authorized the purchase and assumption (P&A) of member share accounts ...
 The Federal Deposit Insurance Corporation (FDIC) took over 3 banks on Friday, November 6, 2009. These closings bring the total for the year to 123. The banks closed are located in California and Flori...
The Federal Deposit Insurance Corporation (FDIC) took over 5 banks on Friday, November 6, 2009. These closings bring the total for the year to 120. The banks closed are located in California, Georgia,...
 If you are one of the many people who want to buy a home but just can't close prior to December 1, 2009, then you are in luck. Congress has finally extended the first time home buyer tax credit i...
The Federal Deposit Insurance Corporation (FDIC) took over 9 banks on Friday, October 30, 2009. These closings bring the total for the year to 115. The banks closed are located in Arizona, California,...
The Federal Deposit Insurance Corporation (FDIC) took over 7 banks on Friday, October 23, 2009. These closings bring the total for the year to 106. The banks closed are located in Illinois, Minnesota,...
 The Federal Deposit Insurance Corporation (FDIC) took over one bank on Friday, October 16, 2009. This closing brings the total for the year to 99. The bank closed was San Joaquin Bank, Bakersfield, Ca...
 Whether you are a rookie or a seasoned owner, buying a home can be costly and confusing. But new consumer protections can help you better sort out your options. Previously, even if you shopped for the...
The Federal Deposit Insurance Corporation (FDIC) took over 3 banks on Friday, October 2, 2009. These closings bring the total for the year to 98. The banks closed are located in Colorado, Minnesota, a...
The Federal Deposit Insurance Corporation (FDIC) took over the 95th bank this year, the 19th in Georgia. Georgian Bank, Atlanta, Georgia, was closed on Friday, September 25, 2009 by the Georgia Depar...
 The United States Virgin Islands commemorative quarter-dollar coin is the fifth coin in the 2009 District of Columbia and U.S. Territories Quarters Program. The Virgin Islands quarter is scheduled to...
Two more banks were closed by regulators on Friday, September 18th. The banks closed were 2 units of Irwin Financial Corporation. The banks closed include Irwin Union Bank, F.S.B., Louisville, Kentuc...
Three more banks were closed by regulators on Friday, September 11th. The banks closed were Venture Bank, Lacey, Washington, Brickwell Community Bank, Woodbury, Minnesota, and Corus Bank, N.A., Chica...
 The number of credit unions is shrinking, but the number of members served is steadily on the rise. It's a long-term trend that may see an up tick due to a bumpy economic recovery.
Forty years...
The Federal Deposit Insurance Corporation (FDIC) took over 5 banks on Friday, August 21, 2009. These closings bring the total for the year to 89. The banks closed are located in Arizona, Illinois, Iow...
 The second credit union in less than a week was closed on August 31, 2009. The National Credit Union Administration (NCUA) was appointed liquidating agent of Kaiser Lakeside Credit Union of Oakland, C...
 The Federal Deposit Insurance Corporation (FDIC) took over 3 banks on Friday, August 28, 2009. These closings bring the total for the year to 84. The banks closed are located in California, Minnesota,...
 Free Choice Federal Credit Union, located in Feasterville, Pennsylvania, was closed by the National Credit Union Administration (NCUA) on Friday, August 28, 2009. Prior to closing, the credit union se...
The Federal Deposit Insurance Corporation (FDIC) took over 4 banks on Friday, August 21, 2009. These closings bring the total for the year to 81. The banks closed are located in Alabama, Georgia, and ...
 Ray LaHood, the U.S. Transportation Secretary, announced that the popular and controversial program, for trading in gas guzzlers, Cash For Clunkers program will cease on Monday, August 24th at 8 p.m. ...
 Credit Card Accountability Responsibility and Disclosure Act of 2009 (Credit CARD Act) was signed into law by President Obama on May 22, 2009. The Credit CARD Act places prohibitions on five practice...
 The current tax credit for first time home buyers expires in a few months. If first time home buyers do not close on a home before December 1, 2009, they will not get the tax credit. There have been...
 The new James K. Polk Presidential $1 Coins will become available on August 20, 2009, at noon Eastern Time (ET) from the United States Mint. The James K. Polk Presidential $1 Coin is one of four rele...
 The Federal Deposit Insurance Corporation (FDIC) took over 5 banks on Friday, August 14, 2009. These closings bring the total for the year to 77 banks. The banks closed are located in Nevada, Arizona,...
The National Credit Union Administration (NCUA) closed Community One Federal Credit Union of Las Vegas, Nevada, on Tuesday, August 11, 2009 and authorized the purchase and assumption (P&A) of its asse...
 The Federal Deposit Insurance Corporation (FDIC) took over 3 banks on Friday, August 7, 2009. These closings bring the total for the year to 72. The banks closed are located in Oregon and Florida. The...
![Cash For Clunkers Program Out of Money? [UPDATEDx2] - August 06, 2009](news/2009/images/Cash-For-Clunkers-Program-Out-of-Money_thumb.png "Cash For Clunkers Program Out of Money? [UPDATEDx2] - August 06, 2009") The Associated Press is reporting that lawmakers are being assured by Transportation Secretary Ray LaHood that the "cash for clunkers" program, which has been overwhelmingly popular, will surv...
 The goal of the government report card of banks for mortgage companies is to provide increased transparency to the public of the Obama administration's stimulus plan. This first monthly report dis...
 The U.S. Federal Reserve Board has approved final amendments to Truth in Lending (Regulation Z) disclosure requirements for private education loans, not including educational expenses that are funded ...
 The Federal Deposit Insurance Corporation (FDIC) took over 5 banks on Friday, July 31, 2009. These closings bring the total for the month to 24 banks and the total for the year to 69. The banks closed...
 The United States Department of Housing and Urban Development announced the Federal Housing Administration (FHA) has implemented changes to its loan modification program to ensure consistency with the...
 Freddie Mac's weekly mortgage rate survey results are in again. This time 30 year fixed rates are up 5 basis points to 5.25 percent while 15 year fixed rates are up to 4.69 percent from 4.68 perc...
 The third new reverse design in the 2009 Lincoln Bicentennial One-Cent Coin Program will enter circulation and become available for ordering sets on August 13, 2009 from the United States Mint. The co...
 The United States Mint honors Presidential spouses with a new $10 gold coin to honor Julia Tyler, the spouse of the 10th President, John Tyler, of the United States. The new gold coins honoring first...
 The Federal Housing Finance Agency reported that the average interest rate on conventional 30-year fixed-rate mortgage loans of $417,000 or less increased by 24 basis points resulting in an average of...
 New home sales took an unexpected surge in June with an estimated 11 percent increase, but has the housing market bottomed out? Most economists think not.
The estimates released by the U.S. Census...
 The Federal Deposit Insurance Corporation took over 7 banks on Friday, July 24, 2009. The banks taken over include 6 subsidiaries of Security Bank Corporation, Macon, Georgia and 1 in New York. These...
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