Client News Release
Consumer lending group spent $280K lobbying in 3Q (AP) and Shopping Oprah: Winfrey's wares now online (AP)
City of Industry, CA --(www.FinancialNewsUSA.com)-- 11/13/2008 - Banking industry news provided by Financial News USA (OTC: FNWU). WASHINGTON (AP) -- The Center for Responsible Lending, a consumer group pressing for tighter controls on lending practices, spent $280,000 lobbying in the third quarter, according to a recent disclosure report.
The Durham, N.C.-based advocacy group has long advocated tighter regulations for mortgage lenders. It lobbied on numerous bills affecting home loans and credit cards, according to a disclosure form filed Nov. 3 with the House clerk's office.Besides lawmakers, the group lobbied the Federal Reserve, Federal Deposit Insurance Corp., National Credit Union Administration, Office of Thrift Supervision, and the departments of Housing and Urban Development, Defense and Treasury.The group has been unsuccessful so far in pressing for Democratic-backed legislation that would allow bankruptcy judges to alter the terms of a mortgage in court. That change, supported by President-elect Barack Obama, is strongly opposed by the mortgage industry, which says it would raise costs for borrowers. [Read the full article]
CHICAGO (AP) -- Short of a coveted ticket for a taping of "The Oprah Winfrey Show," an easier way to surround yourself with the presence of the queen of talk is to go to her official store across from Harpo studios in what was once a Chicago warehouse district.
With its dim lighting, hardwood floors and urban-loft feel, The Oprah Store is a hybrid souvenir shop and trendy boutique. It's been open since January -- almost a year -- and has hosted an average 250 post-Oprah show shoppers and curious Winfrey fans a day.Now Harpo is taking that demand and putting it online, launching http://www.theoprahstore.com Friday. It's an expansion of a small shopping Web site that carried keychains and T-shirts. [Read the full article]
The tally of failed banks in 2008 rose to 19 as the government announced that a Texas and a California bank had been shuttered Friday night.Franklin Bank, a Houston, Texas-based bank and Security Pacific Bank, a Los Angeles, Calif.-based bank were shut down by state regulators Friday, marking the 18th and 19th bank failures this year.
Franklin Bank had total assets of $5.1 billion and total deposits of $3.7 billion as of Sept. 30, 2008, according to a statement on the Federal Deposit Insurance Corp.'s Web site.Security Pacific Bank had total assets of $561.1 million and total deposits of $450.1 million as of October 17, 2008, according to the FDIC.Prosperity Bank, based in El Campo, Texas, will assume all of the deposits of the failed Texas bank, including those that exceed the insurance limit and brokered accounts. [Read the full article]
Intraday data provided by Interactive Data Real Time Services, a division of Interactive Data Corp. and subject to terms of use. Historical and current end-of-day data provided by Interactive Data Pricing and Reference Data. More information on NASDAQ traded symbols and their current financial status. Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Dow Jones Indexes(SM) from Dow Jones & Company, Inc. SEHK intraday data is provided by Comstock and is at least 60-minutes delayed. All quotes are in local exchange time.
Real-time last sale data provided by NASDAQ.
Intraday data provided by Interactive Data Real Time Services, a division of Interactive Data Corp. and subject to terms of use. Historical and current end-of-day data provided by Interactive Data Pricing and Reference Data. More information on NASDAQ traded symbols and their current financial status. [Read the full article]
About Financial News USA
Financial News USA is a Next Generation Financial Communications firm focused on the distribution of market moving news. Financial News USA has developed leading edge e-publishing tools including programming proprietary RSS feeds and enabling open source press release publishing across its network. Financial News USA has been aggressively expanding its news distribution network by targeting direct feeds to financial news and data providers such as FinancialContent, Yahoo (NASDAQ: YHOO), among others. Financial News USA offers a free news feed available online (www.financialnewsusa.com) to websites and financial services looking for content and for individual investors looking to stay informed on the financial markets. Financial News USA and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.financialnewsusa.com.
Financial News USA
Email: info@financialnewsusa.com
