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October 26, 2008 |
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NAFCU urges Treasury focus on mortgage assets
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NAFCU President Fred Becker has urged Treasury Secretary Henry Paulson to ensure that the $250 billion in preferred capital purchases by the government in banks is not used to fuel bank acquisitions, which he said would be an inappropriate use of taxpayer funds.
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Treasury OK sought on NCUSIF change
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NCUA this week asked Treasury to approve coverage of non-interest-bearing transaction accounts by the National Credit Union Share Insurance Fund, similar to the coverage approved recently by FDIC for insured banks.
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Becker praises CUs’ work, value system
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The history of the U.S. credit union movement is a story that is more about the perseverance of a certain value system than it is a particular sector of the financial services industry, NAFCU President Fred Becker said Thursday at America’s Credit Union Museum in Manchester, N.H.
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Report shows BSA data put to good use
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FinCEN’s latest “SAR Activity Review” publication examines the use of Bank Secrecy Act data by federal and state regulatory agencies and cites case examples of law enforcement using BSA data to nab criminals.
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