WASHINGTON - (11/08/05) -- The Senate voted overwhelminglyMonday to confirm Rodney Hood and Gigi Hyland to the NCUA Board,filling out the three-member panel. The Senate action means theNCUA Board will have a full compliment of members for the firsttime in more than a year when the Board meets in two weeks. For thepast two months, NCUA Chairman JoAnn Johnson has been the onlysitting member of the Board. Hood, a Republican from NorthCarolina, is a senior executive in the U.S. Department ofAgriculture, and Hyland, a Democrat, from Virginia, is a long-timecredit union attorney and currently general counsel at EmpireCorporate FCU, in Albany, N.Y.
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Two former members of the Federal Open Market Committee said in interviews that they expect the Federal Reserve to keep rates steady amid uncertainty over the ongoing war with Iran and the resulting upward pressure on inflation.
March 27 -
Goldman Sachs Chief Legal Officer Kathryn Ruemmler received an 11% pay hike last year, bringing her total compensation to $25 million; U.S. Bank promoted Toby Clements to chief operations officer; Klarna is expanding its forward-flow and whole-loan sale deal with Elliot Investment Management to $2 billion; and more in this week's banking news roundup.
March 27 -
Carter Bankshares in Martinsville, Va., sold more than $200 million of loans made to companies controlled by Sen. Jim Justice and his family, closing out a once close relationship that later descended into rancor and litigation.
March 27 -
The Federal Deposit Insurance Corp.'s Office of Inspector General said in a Thursday report that staffing cuts over the past year could strain supervision and the agency's response to a crisis.
March 27 -
The latest rise in property tax collections at the end of last year continued a nine-quarter streak of increases, according to the National Association of Home Builders.
March 27 -
American Banker data finds that regulatory clarity is the top ask from executives holding back on adoption planning.
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