Subprime Mortgage Fallout; BSA Webcast Today
There were some notable news items regarding the subprime mortgage situation that I thought I'd share.Â
U.S. Treasury Secretary Paulson remarks on what has been done and what needs to be done here. You can read Chairman Frank's favorable reaction here. Read Ranking Member Bachus' reaction here. HUD issued a press release on the President Bush's plan to help Americans avoid foreclosure here.
***
NAFCU and the Compliance Guy will present a webcast today designed to help credit unions train their new employees, volunteers and others on BSA, OFAC and money laundering. The webcast will provide a high-level overview of all relevant topics. If you can't tune in this afternoon, the webcast will be available for purchase for six months following today's broadcast. For more information, click on the webcast icon, which should be on the upper left portion of this blog.