Since the Troubled Asset Relief Program was authorized, the U.S. Treasury Department has initiated a number of efforts
under the program, disbursing $385 billion for loans and equity investments, according to testimony by the Government Accountability
Loan modifications and refinancings by Fannie Mae and Freddie Mac increased significantly during the first quarter as the
volume of permanent modifications under the Federal Housing Finance Agency’s Home Affordable Modification Program tripled,
and refinancings grew steadily.
Credit unions hoping to get a firsthand--but safe--look at how a hacker might attempt to breach their systems can get just that at an upcoming symposium hosted by CUNA and National Association of State Credit Union Supervisors.
CUNA continues to have grave concerns with the Federal Accounting Standards Board credit impairment proposal, concerns it expressed in a letter to National Credit Union Administration Chair Debbie Matz Tuesday.