TITLE

WASHINGTON WATCH

AUTHOR(S)
Roberts, Ed
PUB. DATE
May 2011
SOURCE
Credit Union Journal;5/16/2011, Vol. 15 Issue 19, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents an analysis on the impact of subprime mortgage-backed securities (MBS) of Members United Corporate Federal Credit Union (FCU), and the effect of capital debit fees of the Federal Reserve in the U.S. The over concentration of subprime MBS has caused the failure of the Members United Corporate FCU. The Federal Reserve's plan to amend the higher rate of capital debit fees will likely be delayed.
ACCESSION #
60677911

 

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