Recent Actions regarding Government Sponsored Entities, Investment Banks and other Financial Institutions Washington, DC--Chairman Dodd, Senator Shelby, members of the committee, thank you for the opportunity to appear before you today. I appreciate that this is a difficult period for…

August Issuance Sets New Record for Ginnie Mae Washington, DC Today, the Government National Mortgage Association (Ginnie Mae) announced that issuance for its Mortgage-Backed Securities (MBS) program increased to a record breaking $29 billion in August, the highest rate of…

Personal Finance Expert Suze Orman Featured in PSAs The Federal Deposit Insurance Corporation (FDIC) launched a national campaign designed to help consumers learn about the benefits and limitations of deposit insurance. The campaign's public service announcements (PSAs) will feature personal…

Washington, DC The National Community Reinvestment Coalition (NCRC) said that the governments takeover of Fannie Mae and Freddie Mac was unavoidable as a direct result of the failure of Congress and the Administration to address the ongoing foreclosure crisis. Earlier…

The Federal Trade Commission has returned approximately $12.7 million to consumers this week from a settlement with Andris Pukke and his companies, AmeriDebt, Inc. and DebtWorks, Inc. This consumer redress concludes the largest credit counseling/debt management deception case brought by…

WASHINGTON The Office of the Comptroller of the Currency and the Office of Thrift Supervision joined forces to issue a joint report today on the performance of approximately 60 percent of all first lien mortgages outstanding in the United States.…

Rolls Out Mobile ATMs and Banking Centers Bank of America Charitable Foundation Contributes $1 Million to Aid in Storm Relief Efforts HOUSTON -- Bank of America today announced its disaster relief program for 29 counties in Texas and 14 parishes…

FDIC Board to Consider Restoration Plan to Bolster the Deposit Insurance Fund Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported net income of $5.0 billion in the second quarter of 2008, a decline of…

Tokyo Ricoh Company, Ltd. (TSE: 7752, "RICOH")(President & CEO: Shiro Kondo) today announced that it has reached a definitive agreement with IKON Office Solutions, Inc. (NYSE: IKN, "IKON") to acquire IKON (the "Transaction") through RICOHs wholly owned U.S. distribution subsidiary,…

PostPath's Email and Calendaring Software to Enhance Cisco's WebEx Collaboration Platform SAN JOSE, Calif. - Building upon its commitment to provide a comprehensive collaboration portfolio, Cisco today announced its intent to acquire privately held PostPath, Inc., a provider of innovative…

WASHINGTON - A federal judge in Washington has ruled that automobile dealers who engage in certain three-party financing transactions must disclose certain information to consumers who take out car loans if they are offered less favorable terms, such as a…

As required by law, CBO prepares regular reports on its estimate of the number of jobs created by the American Recovery and Reinvestment Act of 2009 (ARRA), which was enacted in response to significant weakness in the economy. In its…