Washington – Reps. Carolyn B. Maloney (NY-14) and Gus Bilirakis (FL-9), co-chairs of the Congressional Caucus on Hellenic Issues, announced today that UMB Bank will discontinue a credit card it issued on behalf of the “United Macedonian Diaspora” featuring an image of the Star of Vergina.  UMB Bank and its co-partner, CardPartner, Inc., stated that they will no longer permit flags, maps, or political symbols of any kind on the cards they issue. 

Today, the Federal Reserve issued a new proposed rule governing overdraft fees and programs, and withdrew an earlier proposed rule issued jointly with the Office of Thrift Supervision (OTS) and the National Credit Union Administration  (NCUA) that had been criticized by many observers as too weak. Congresswoman Carolyn Maloney, Chair of the Financial Institutions and Consumer Credit Subcommittee of the House Financial Services Committee and author of the Consumer Overdraft Protection Fair Practices Act ( H.R. 946), noted that the new rule represented an improvement but was still not as strong as her bill.

Washington, D.C. – Rep. Carolyn B. Maloney, Vice Chair of the Joint Economic Committee (JEC), released a report today entitled "The Ripple Effect: The Impact of a Big 3 Failure on New York State." Collapse of the big three U.S. automakers would lead to nearly 150,000 jobs lost both directly and indirectly, taking into account the serious negative spillover effects in industries in the auto production supply chain.

Washington, D.C. – Rep. Carolyn B. Maloney (D-NY), Vice Chair of the Joint Economic Committee, issued the following statement regarding the New York State Labor Department’s November 2008 state employment data. The data show that the New York State unemployment rate rose to 6.1 percent in November and that private sector employers shed 23,500 jobs last month, the largest one-month decline since October 2001.