AUBURN, Me. - (10/11/05) -- The Maine CU League, which hasraised millions of dollars through its annual Campaign for EndingHunger, has teamed with the Good Shepherd Food Bank to deliver fooddirectly to the state's needy. The league and the food bank havelaunched a 'Food Mobile,' which will deliver food to all of thestate's 16 counties. The credit union league donated $15,000 toequip the mobile effort. The Food Mobile can transport more than7,000 tons of food at one time.
A coalition of Democratic attorneys general, led by California and Illinois, have sued the Department of Housing and Urban Development over a guidance that they argue will scale back enforcement to strict federal standards and threaten state funding to enforce fair housing laws.
CEO René Jones told American Banker that private-credit firms are both partners and competitors. "Today, one of the concerns is that we don't have that full transparency, as much as we would like. And so we have to be cautious as we move in that direction," he said.
The Federal Reserve's recently published request for information on options for updating its check clearing apparatus has bankers fearing that it will opt to phase out paper checks entirely — an outcome that has community banks panicked.
A federal judge ruled that acting Consumer Financial Protection Bureau Director Russell Vought unlawfully refused to request agency funding from the Federal Reserve Board, dealing a procedural blow to a legal argument that the Fed can only fund the CFPB when it turns a profit.
A White House executive order issued Friday afternoon directing regulators to ease Dodd-Frank compliance burdens comes as a bipartisan housing bill advances on Capitol Hill.
