The Chairman of the House Committee on Financial Services and other leading committee members are seeking broad support for new legislation that would stop the U.S. government from taking any steps to implement regulations that require U.S. financial institutions to police Internet gambling. Testimony before Congress earlier this month clearly showed that the proposed rules to implement the ...

The federal financial regulatory agencies and the Conference of State Bank Supervisors (CSBS) on Tuesday issued a statement encouraging federally regulated
financial institutions and state-supervised entities that service securitized residential
mortgages to review to determine the full extent of their authority under pooling and
servicing agreements to identify borrowers at risk of default and pursue appropriate loss mitigation strategies designed to preserve homeownership.

The federal financial regulatory agencies today issued proposed illustrations of consumer information for certain adjustable-rate mortgage (ARM) products described in the agencies’ Statement on Subprime Mortgage Lending (Subprime Statement), effective July 10, 2007. The Subprime Statement recommends communications that ensure consumers have clear, balanced, and timely information about the relative benefits and risks of certain ARM products. The illustrations are intended to assist institutions in providing this information.

The Chairman of the House Committee on Financial Services and other leading committee members are seeking broad support for new legislation that would stop the U.S. government from taking any steps to implement regulations that require U.S. financial institutions to police Internet gambling. Testimony before Congress earlier this month clearly showed that the proposed rules to implement the ...

These days, more and more people are saying "Charge it."

Nearly one out of three Québec residents now use Desjardins AccèsD Internet and telephone services for their financial transactions. With its 2 million regular users, the largest financial institution in Québec once again comes out on top as the leader in online financial services.

Le Mouvement des caisses Desjardins, la plus importante institution financière au Québec, est fier d'être à nouveau associé à la présentation de la 25e édition du Festival de la chanson de Tadoussac.

Government officials responsible for the supervision and regulation of financial co-operatives in Malawi and Uganda together with officials from national co-operative financial services organizations in those countries are in Canada from May 12 to May 20 to observe Canada’s regulatory system.

Christian Paradis, Secretary of State for Agriculture and the minister responsible for co-operatives, has announced funding for four biofuels co-operatives that qualified for $200,000 under the second phase of the Agricultural Co-operative Development Initiative (Ag-CDI).

The announcement was made in Rimouski, QC. Projects to be funded are the Coopérative de solidarité d’Éco Plateaux, St-Charles-Garnier, Sainte-Angèle and Saint-Honoré.

All over the world, credit unions are helping people to work their way out of poverty, and credit union development agencies are collaborating effectively to make that happen. Those were the key messages from a lunch-time keynote address by Carol Hunter, Executive Director of the Canadian Co-operative Association (CCA), and Pete Crear, President and CEO of the World Council of Credit Unions (WOCCU), to the delegates attending the Credit Union Central of Canada‘s annual conference in Ottawa this week. Ms. Hunter and Mr.