The ABA has urged quick action to correct problems caused by mark-to-market accounting.

Financial institutions must adopt means to detect Internet gambling payments.

The nixed a plan to allow big credit card banks would to forgive a portion of the principle owed without taking an immediate write-down. 

Treasury Secretary Henry Paulson filled in some of the blanks about his department’s Capital Purchase Program (CPP) during an October 20 press conference.  The program has become the central focus of the government’s effort to restore liquidity and stability to the financial system under the Troubled Asset Relief Program (TARP).