Acting Ginnie Mae President Michael Bright will leave his post on January 16 and will no longer seek confirmation to be the permanent head of the mortgage secondary market agency.
Tom Meuser, the chairman of El Dorado Savings in California, said he could not get the necessary two-thirds backing from his shareholders because of recent declines in bank stock prices.
The Dodd-Frank Act gave the central bank authority to set capital requirements for insurance companies that own a federally insured bank, as well as those determined to be systemically important.
Is the Department of Education doing anything to assist furloughed federal employees with federal student loan obligations? Federal contractors with such obligations? You'd think that ED might instruct its servicers to treat delinquencies for furloughed federal employees and contractors differently than regular delinquencies. That would be the right thing to do.
The Coast Guard apparently briefly had some advice for furloughed guardsmen that included "Bankruptcy is a last option." The leaped out at me as strange. What about the Servicemembers Civil Relief Act, a special act that provides protection for active duty military members and their dependents against collection actions?
