NCUA Chairman Dennis Dollar announced participated in the White House Conference on Faith-Based and Community Initiatives in Portland, Ore. last week. NCUA's Director of CU Development Anthony LaCreta served as a presenter on the community development panel, along with representatives of other agencies. For info: www.whitehouse.gov/ government/fbci.
The OCC had hit James Strother and other executives with civil charges a year ago in connection with the bank's phony-accounts scandal. His monetary penalty is lower than what the agency had first floated.
Federal relief efforts have minimized loan losses so far, but risks remain in credit card, auto and business lending. Many borrowers will need another lifeline to stay afloat until the economy rebounds, CEO Jamie Dimon says.