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    News and Articles on Washington Federal (WFSL)

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    Fed Reserve Sees Economic Turmoil Lasting  Jan 7, 2009
    Fears Persist Despite Rate Cuts. POSTED: 11:27 am PST January 6, 2009UPDATED: 3:24 pm PST January 6, 2009. (KSBW 8, CA)

    Fed: Economic Pain Won't Subside Right Away  Jan 7, 2009
    Fed Reserve Sees Economic Turmoil Lasting - Money News Story - KPRC Houston. Fed Reserve Sees Economic Turmoil Lasting. (Click2Houston, TX)

    Fed fears extended contraction despite radical moves  Jan 7, 2009
    By Sue Kirchhoff, USA TODAY WASHINGTON Federal Reserve officials worried about the possibility of a "prolonged contraction" and destabilizing deflation in mid-December when they voted to cut a key interest rate to a historically low range of zero to a quarter-point. According to minutes of the Fed's Dec. 15-16 meeting, released Tuesday, central bank economists sharply reduced their forecast for the economy due to spiking unemployment; declining manufacturing, consumer and business spending; and... (USA Today -- Money)

    Seattle-area banks cut back their dividends  Jan 3, 2009
    After Washington Federal announced recently that it would decrease its quarterly dividend from 21 cents to 5 cents, its stock dropped to a yearly low of $11 ... Washington Federal is similarly trying to bulk up its capital cushion in the face of rising bad loans by cutting its dividend for the first time even though it recently received a $200 million cash infusion through the federal government s new bailout plan. (Puget Sound Business Journal, WA)

    FDA recalls chemical agent used in eye surgery  Jan 3, 2009
    Cornea transplant product linked to dozens of optical problems. updated 10:50 a.m. ET Jan. 2, 2009. (MSNBC -- Health)

    FDIC Employs Tool Used for S&L Crisis  Jan 2, 2009
    FDIC Employs Tool Used for S&L Crisis - WSJ.com. WSJ.com is available in the following editions and languages. (Wall Street Journal)

    Washington Federal slashes dividend  Dec 31, 2008
    for free extra services. Subscribe to Puget Sound Business Journal. (Puget Sound Business Journal, WA)

    FDA approves new HIV blood test  Dec 31, 2008
    Fun phones for texting. $7 online stock trades. (MSNBC -- Health)

    FDA approves new prostate cancer drug  Dec 30, 2008
    $7 online stock trades. Injectable treatment fights the disease by lowering testosterone levels. (MSNBC -- Health)

    FDA plans more research on BPA  Dec 30, 2008
    HotJobs Local Search. WASHINGTON ---- Federal health officials, criticized for declaring that a controversial chemical is safe, have refused to back down and instead plan more research. (North County Times)

    Future of mortgage finance (1)  Dec 30, 2008
    There are lenders who do/did not sell their loans to Fannie and Freddie, preferring instead to hold them on their books, or in their own "portfolio." Seattle-based Washington Federal, a portfolio lender in seven states, has offered rates a slight tick higher than its competitors. The bank has been extremely successful, offered its customers a one-time free refinance, and moved virtually unscathed through the savings-and-loan crisis of the early 1980s. (Lodi News Sentinel, CA)

    FDA puts black box warning on bowel-clearing drugs  Dec 26, 2008
    WASHINGTON Federal health officials said Thursday they will add the sternest safety warnings available to drugs used before colonoscopies, following reports of kidney damage in several patients. The Food and Drug Administration said it has received more than 20 reports of a serious form of kidney failure among patients taking the bowel-cleansing drugs, known as oral phosphate products. (Yahoo News -- Pharmaceutical Industry News)

    Prosecutors: Get on With Jefferson Trial  Dec 26, 2008
    By Thursday, Dec. 25, 2008. (WASHINGTON) Federal prosecutors are urging an appeals court to get on with Rep. (Time.com)

    Coke gets warning over nutritional claims  Dec 25, 2008
    $7 online stock trades. Coca-Cola gets warning over nutritional claims. (MSNBC -- Health)

    Prosecutors seek to thwart delay in U.S. Rep. William Jefferson's corruption trial  Dec 25, 2008
    Prosecutors seek to thwart delay in U.S. Rep. William Jefferson's corruption trial- NOLA.com. (Nola.com -- Sports)

    FDA warns Coca-Cola over nutritional claims  Dec 25, 2008
    WASHINGTON Federal health regulators have scolded Coca-Cola for placing inappropriate nutritional claims on its Diet Coke Plus soft drink. The Food and Drug Administration issued a warning letter to the company, objecting to the product's labelling, which describes the drink as Diet Coke with Vitamins and Minerals. (Globe and Mail)

    Feds cut flights at NYC's LaGuardia  Dec 23, 2008
    WASHINGTON Federal aviation authorities are cutting the number of hourly flights at LaGuardia Airport as they try to address the worst major airport delays in the country. Transportation Secretary Mary Peters announced Monday that the government will lower the cap on take-offs and landings at LaGuardia from 75 to 71 per hour. (Yahoo News)

    New Rules Protect Credit Card Holders  Dec 19, 2008
    Interest Rates Hikes To Be Restricted. POSTED: Thursday, December 18, 2008UPDATED: 4:55 pm CST December 18, 2008. (Click2Houston, TX)

    US: New Credit card rules on anvil  Dec 19, 2008
    Regulators adopt new credit card rules- News-Credit Cards-Personal Finance-The Economic Times. Credit Cardspresented by. (India Times)

    Credit card issuers face new rules and limits  Dec 19, 2008
    OREGON BUSINESS NEWSInternational and local small business news on economics and finance. Personal finance news, advice, ideas, tips & more. (OregonLive, OR -- Business)

    A look at the details  Dec 19, 2008
    Regulators adopt new credit card rules. Regulators adopt new credit card rules. (AZCentral -- Business)

    Credit card rules changed in move to help consumers  Dec 19, 2008
    Web Search powered by YAHOO. New limits on interest rate hikes. (Athens Banner-Herald)

    Martin’s Cable Plan Loses Steam  Dec 14, 2008
    Washington Federal Communications Commission chairman Kevin Martin is coming under intense pressure to abandon his dream of bringing cable networks and TV stations under tighter federal regulatory control. He faced his strongest push-back last week from the two Capitol Hill Democrats who will be running the commerce committees in the House and Senate next year, Sen. (Multichannel News)

    Size, timing of auto lifeline uncertain  Dec 14, 2008
    Your browsers security settings are preventing some features from appearing. Officials crunch rescue figures. (Detroit Free Press)

    FDA puts black box warning on bowel-clearing drugs  Dec 13, 2008
    WASHINGTON Federal health officials said Thursday they will add the sternest safety warnings available to drugs used before colonoscopies, following reports of kidney damage in several patients. The Food and Drug Administration said it has received more than 20 reports of a serious form of kidney failure among patients taking the bowel-cleansing drugs, known as oral phosphate products. (Yahoo News -- Pharmaceutical Industry News)

    Opponents Growing To Martin's Unbundling Plan  Dec 13, 2008
    Viacom, NBCU, MPAA, NAB, ACA Voice Concerns. By Ted Hearn -- Multichannel News, 12/10/2008 5:29:00 PM. (Multichannel News)

    Local car dealers anxiously eye Washington  Dec 13, 2008
    St. Louis Metropolitan Area and surrounding Missouri and Illinois counties. By Saturday, December 13, 2008 2:55 AM CST. (Yahoo News -- Auto Racing)

    FDA to add 'black-box' warnings to bowel-cleansing drugs  Dec 12, 2008
    Local Search Site Search. THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING. (Boston Globe)

    Bowel-clearing meds get sternest label  Dec 12, 2008
    Bowel-clearing drugs to get sternest FDA label - More health news- msnbc. $7 online stock trades. (MSNBC -- Health)

    Judge Extends Injunction Against NFL Suspensions  Dec 12, 2008
    Stay on top of breaking news. Sign up for ABC 7 News e-mail alerts. (ABC 7 News, DC)

    Auto deaths down 10 percent so far this year  Dec 12, 2008
    WASHINGTON Federal safety officials say auto fatalities dropped almost 10 percent in 2008 through October, a trend overlapping with a historic cutback in driving as well as advancements in safety measures such as technology that prevents rollovers. If the trend holds up for the year's last two months, highway deaths could reach their lowest level in the 42 years since the National Highway Traffic Safety Administration began keeping records. (Yahoo News -- Politics)

    Hunt still on for robbers, police say (37)  Dec 12, 2008
    Two days later, another bank robber hit Washington Federal Savings at 1111 N.W. Ninth St. He didn t use a gun either ... The Dec. 4 bank robbery at Washington Federal Savings happened at 3:30 p.m. After leaving the bank, the bank robber got on a bicycle and headed southeast with an undisclosed amount of money. (Corvallis Gazette Times, OR)

    Was Illinois Senate seat up for sale?  Dec 11, 2008
    Thursday, December 11, 2008. Was Illinois Senate seat up for sale. (Albany Times Union)

    Robberies in Valley get police attention (27)  Dec 11, 2008
    The suspect involved in the Corvallis bank robbery at the Washington Federal Savings was a white male who entered the bank, showed a note to a teller and demanded money. After leaving the bank, he got on a bicycle and headed southeast with an undisclosed amount of cash. (Lebanon Express, OR)

    Third robbery in a week hits Corvallis (247)  Dec 10, 2008
    On Dec. 4, a man robbed Washington Federal Savings at 1111 N.W. Ninth St. at 3:30 p.m. Thursday. Two days before, just before 5 p.m., a woman robbed Key Bank at 1817 N.W. Ninth St.. (Corvallis Gazette Times, OR)

    Credit unions get $40 billion to aid mortgage losses  Dec 10, 2008
    By Marcy Gordon The Associated Press WASHINGTON Federal regulators said Tuesday that they are making more than $40 billion available to support several credit unions that suffered losses from mortgage securities, and will provide another $2 billion to help struggling homeowners. National Credit Union Administration Chairman Michael Fryzel said the credit unions should "use these programs constructively as they work through these difficult times.". (USA Today -- Money)

    For Prosecutors, Blackwater Case Will Be Tough to Win  Dec 8, 2008
    Thank you for registering. Please click on the link inside the email to complete your registration. (Wall Street Journal)

    Blackwater guards set to surrender today  Dec 8, 2008
    Documents related to those negotiations already are filed in Washington federal court. The Justice Department has not commented on the case. (Athens Banner-Herald)

    Federal Judge Blocks NFL's Suspension of 5  Dec 6, 2008
    U.S. District Judge Paul Magnuson said he needed more time to consider the case after hearing several hours of arguments from the league and the NFL Players Association. Stay on top of breaking news. (ABC 7 News, DC)

    Bernanke urges more action on foreclosures  Dec 5, 2008
    $7 online stock trades. Adverse costs for homeowners, lenders, economy, Fed chief warns. (MSNBC -- Politics)

    Bernanke wants more foreclosure action  Dec 5, 2008
    Bernanke wants more done to curb foreclosures. Bernanke wants more done to curb foreclosures. (AZCentral -- Business)

    Fed chief makes plea for foreclosure crisis help  Dec 5, 2008
    Web Search powered by YAHOO. Fed chief makes his own plea for help with foreclosure crisis120508nation & world2Associated Press WASHINGTON - Federal Reserve Chairman Ben Bernanke pleaded Thursday for more government action to relieve the foreclosure crisis and break a vicious cycle in which the housing meltdown is plunging the country deeper into recession. (Athens Banner-Herald)

    Second Corvallis bank held up  Dec 5, 2008
    A man robbed Washington Federal Savings at 1111 N.W. Ninth St. at 3:30 p.m. Thursday the second bank robbery on the street in three days ... This is the second time Washington Federal Savings has been robbed this year. (Corvallis Gazette Times, OR)

    Police seek suspect in second bank robbery this week (80)  Dec 5, 2008
    Corvallis police responded to a report of a bank robbery at Washington Federal Bank, 1111 N.W. Ninth St. in Corvallis Thursday at about 3:30 p.m.. Police are looking for a white male in his 50s about 5 feet 6 inches to 5 feet 7 inches tall, wearing a grey women's sweatshirt with pink writing and torn jeans. (Corvallis Gazette Times, OR)

    Roses n’ Raspberries (Dec. 5)  Dec 5, 2008
    Around 3:30 p.m. Thursday, a man described as in his 50s entered the Washington Federal Savings Bank at 1111 A. N.W. Ninth St. and also robbed that bank via a note to a teller. He escaped on a bicycle, and as of Thursday night, both robbers remained at large. (Corvallis Gazette Times, OR)

    UCSB Takes a Break from Dual Meet Action for 2008 Husky Invitational  Dec 4, 2008
    UC Santa Barbara Official Athletic Site. This week's meet will feature 36 events across three days of competition. (Ucsbgauchos.com)

    FDA says glaucoma drug enhances eyelashes  Dec 4, 2008
    $7 online stock trades. Regulators say medication appears to make lashes longer and fuller. (MSNBC -- Health)

    DC rail extension to airport gets key fed approval  Dec 4, 2008
    Anchorage Daily News. Ten-part series from Tour of Anchorage champion Holly Brooks. (Anchorage Daily News)

    SEC adopts new rules for rating agencies  Dec 4, 2008
    $7 online stock trades. SEC adopts new rules for credit-rating agencies. (MSNBC -- Politics)

    FCC's Free-Internet Plan Could Morph Into Free Airwaves  Dec 4, 2008
    FCC's Free-Internet Plan Could Morph Into Free Airwaves - WSJ.com. Thank you for registering. (Wall Street Journal)

    U.S. recession likely to hasten insolvency of Medicare  Dec 2, 2008
    By KEVIN FREKING - Associated Press - 12/2/08. WASHINGTON Federal health officials estimate that the struggling economy will speed up by one to three years the exhaustion of the Medicare trust fund covering hospital and nursing home care. (Helena Independent Record, MT)

    Bernanke: Lower interest rates 'feasible'  Dec 2, 2008
    $7 online stock trades. Bernanke: Lower interest rates are 'feasible. (MSNBC -- Politics)

    Multichannel Newswire  Dec 2, 2008
    Washington Federal Communications Commission chairman Kevin Martin hasn't decided whether he will try to revive cable leased access rules in the few days he has remaining as chairman, according to a recent FCC court filing. Sanford Bernstein analyst Craig Moffett offered a revised look at the direct-broadcast satellite sector Monday, outlining the three most immediate adverse effects he believes the weak U.S. economy will have on both DirecTV and Dish Network. (Multichannel News)

    Economy likely to move up Medicare's insolvency  Dec 2, 2008
    WASHINGTON Federal health officials estimate that the struggling economy is likely to speed up by one to three years the exhaustion of the Medicare trust fund covering hospital and nursing home care. Trustees for the Social Security and Medicare programs warned last March that the trust fund for Medicare Part A would become insolvent in 2019. (Yahoo News -- Politics)

    RATE CUTS WON'T BE ENOUGH: Bernanke says  Dec 2, 2008
    By Sue Kirchhoff, USA TODAY WASHINGTON Federal Reserve Chairman Ben Bernanke warned Monday that the U.S. economy could be in for a protracted downturn and said the central bank will step up its use of tools other than interest rates to "vigorously address the substantial risks to financial stability and economic growth.". In a speech prepared for delivery in Austin, Texas, Bernanke laid out the central bank's options. (USA Today -- Money)

    Jaime Richardson | Green Valley NewsSahuarita High School students from Terri McGee’s Business Management & Administrative Service classes sponsored a school-wide food drive that collected nearly 700 pounds of food for the Green Valley Community Food Bank. From left: Tyrell Glover, Terri McGee, Hope Stogsdill, Marilyn Pinedea, Brittany Helton and Kaylie Larson.\0\0  Nov 30, 2008
    The following local businesses have food donation boxes available throughout November and December: Arizona Self Storage, 18240 S. La Ca ada Dr.; Arizona Family Restaurant, 80 W. Esperanza Blvd.; Bank of America, 410 W. Continental Rd.; Bank of the West, 180 W. Continental Road No. 170; Dave Polsky Auto Center, 171 W. Continental Rd.; Edward Jones Investments, 101-28 S. La Ca ada Blvd.; Green Valley Cooling ng, 880 W. Camino Casa Verde; Jerry Bob s Family Restaurant, 1325-195 W. Duval Mine Rd.;... (Green Valley News & Sun, AZ)

    FDA Sets Safe Level For Infant Formula Contaminant  Nov 30, 2008
    E-Mail News Alerts Get breaking news and daily headlines. Panel Sets Safe Level For Melamine. (KCRA 3, CA)

    Newsweek: Will Gitmo detainees be freed in the U.S.?  Nov 27, 2008
    Separately, a Washington federal court ruled last week there was insufficient evidence to continue imprisoning five Bosnians and ordered the Bush administration to set them free. About 250 people remain locked up at Gitmo. (MSNBC -- Politics)

    Feds warn of potential NYC terror plot  Nov 27, 2008
    $7 online stock trades. Feds warn cops of potential NYC terror plot. (MSNBC -- Politics)

    Puget Sound aid effort will raise $8M  Nov 26, 2008
    Other supporters and funders tied to the effort include the , , Boeing Co., Medina Foundation, John Stanton and Theresa Gillespie, the Joshua Green Foundation, the City of Seattle, the Raikes Foundation headed by Gates Foundation CEO Jeff Raikes, Puget Sound Energy, Safeco, Starbucks, KeyBank and Washington Federal Savings. Reader Comments. (Puget Sound Business Journal, WA)

    Bernanke: I underestimated housing problem  Nov 24, 2008
    $7 online stock trades. Tells magazine that he was wrong in forecasting subprime mortgage issues. (MSNBC -- Politics)

    Bernanke says he erred in gauging mortgage fallout  Nov 24, 2008
    WASHINGTON - Federal Reserve Chairman Ben Bernanke acknowledges he was wrong in believing that there would be limited fallout to financial markets from risky mortgages that soured after the housing market's collapse. "I and others were mistaken early on in saying that the subprime crisis would be contained," Bernanke said in an article in the Dec. 1 issue of The New Yorker magazine. (Muscatine Journal, IO)

    Citigroup rescue: U.S. pumping billions into bank giant  Nov 24, 2008
    By Sue Kirchhoff, USA TODAY WASHINGTON Federal regulators late Sunday agreed to backstop about $306 billion of Citicorp's riskiest assets to bolster the staggering banking giant, in yet another in a growing list of radical efforts to shore up confidence in troubled financial markets. Under the agreement announced by the Treasury Department, the FDIC and the Federal Reserve, the government will protect Citi securities backed by residential and commercial real estate. (USA Today -- Money)

    Bernanke: I Was Wrong About Subprime Crisis  Nov 24, 2008
    SIGN UP FOR FREE NEWS ALERTS. Sunday, November 23, 2008 4:00 PM. (Newsmax)

    FDIC to guarantee $1.4 trillion in bank debt  Nov 22, 2008
    FDIC to guarantee $1. 4 trillion in bank debt - Economy in Turmoil- msnbc. (MSNBC -- Politics)

    US will guarantee up to $1.4 tn in bank debt  Nov 22, 2008
    US will guarantee up to $1. 4 tn in bank debt- International Business-News-The Economic Times. (India Times)

    Fed move to ease purchase of failed banks  Nov 22, 2008
    Regulators move to ease purchase of failed banks. Regulators move to ease purchase of failed banks. (AZCentral -- Business)

    Don't swap toy safety for price, office urges  Nov 20, 2008
    Don t swap toy safety for price, office urges. Used playthings may pose danger to kids. (Atlanta Journal-Constitution -- Living)

    SEC charges Mark Cuban with insider trading  Nov 19, 2008
    WASHINGTON Federal regulators on Monday charged Dallas Mavericks owner Mark Cuban with insider trading for allegedly using confidential information on a stock sale to avoid more than $750,000 in losses. The Securities and Exchange Commission filed a civil lawsuit against Cuban in federal court in Dallas. (San Diego Union-Tribune -- Sports)

    Feds charge Cuban  Nov 18, 2008
    Updated: Tuesday, November 18, 2008 12:53 AM CST FONT SIZE. The ASSOCIATED PRESS. (DeKalb Daily Chronicle, IL)

    Cuban Hit By Accusation  Nov 18, 2008
    ESPN - Dallas Mavericks owner Mark Cuban accused of insider trading. Try the NEW ESPN Search. (ESPN -- Golf News)

    NBA's Cuban charged by SEC  Nov 18, 2008
    The Times of Trenton Business NewsLocal NJ business news and economics. Latest user-submitted photos. (NJ.com -- Times)

    Prosecutors Draft Indictment Against Blackwater Guards  Nov 15, 2008
    WASHINGTON Federal prosecutors have drafted an indictment against six Blackwater Worldwide security guards in last year's deadly Baghdad shootings of 17 Iraqi civilians, The Associated Press has learned. The draft is being reviewed by senior Justice Department officials but no charging decisions have been made. (Fox News)

    Moms decry child-care aid cuts  Nov 15, 2008
    WASHINGTON Federal investigators looking into the collapse of the Interstate 35W bridge said Friday that engineers likely skipped a critical piece of number-crunching when the bridge was still on the drawing board in 1961, sending the span on a inexorable, nearly half-century course that ended in a pile of twisted steel and concrete on a hot August evening in 2007. BEIJING A Muslim Uighur woman who is more than six months pregnant remained under watch Friday in a hospital in China's far... (Yahoo News -- Child Welfare)

    Audit: Sharpton campaign owes US nearly $500,000  Nov 15, 2008
    By Devlin Barrett, Associated Press Writer WASHINGTON Federal auditors have concluded the Rev. Al Sharpton's 2004 campaign owes the government nearly $500,000 for illegal donations and other financial improprieties. Sharpton has been feuding with the Federal Election Commission for years over his accounting in his failed run for president, for which he received $100,000 in so-called government matching funds that authorities later concluded he did not deserve because he hadn't followed campaign... (USA Today)

    Material pile, design blamed for bridge collapse  Nov 14, 2008
    $7 online stock trades. Experts: Disaster was inevitable after steel plates failed on Minn. (MSNBC -- Politics)

    FDA to detain food shipments from China  Nov 14, 2008
    WASHINGTON Federal health officials on Thursday ordered dozens of imported foods from China held at the border as possible health risks. Most are ethnic treats, including snacks, drinks and chocolates. (San Diego Union-Tribune -- Business)

    US rejects plan for credit card forgiveness  Nov 13, 2008
    Local Search Site Search. THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING. (Boston Globe)

    Regulators deny credit card forgiveness plan  Nov 13, 2008
    $7 online stock trades. Companies would have received tax relief for helping consumers. (MSNBC -- Politics)

    Government warns about inexpensive toys  Nov 13, 2008
    $7 online stock trades. Concern that parents trying to save may end up buying dangerous items. (MSNBC -- Business)

    FEDS TO BANKS: Use the bailout money for lending  Nov 13, 2008
    By Martin Crutsinger, AP Economics Writer WASHINGTON Federal bank regulators, seeking to address criticism about the government's $700 billion bailout plan, have issued guidance to banks encouraging them to lend to credit worthy borrowers. The guidelines by the Federal Reserve and three other federal banking regulators, released Wednesday, encourage institutions to work with mortgage borrowers to avoid defaults. (USA Today -- Money)

    FDA to detain some food shipments from China  Nov 13, 2008
    WASHINGTON Federal health officials are slapping a detention order on dozens of imported foods from China. The Food and Drug Administration says foods made with milk will be held at ports of entry, as a precaution, until independent tests show they are free of the industrial chemical melamine. (San Diego Union-Tribune -- Business)

    Experts fear economy may spur sales of unsafe toys  Nov 13, 2008
    WASHINGTON Federal safety officials worry that the economic downturn will drive discount-seeking parents to buy used toys tainted by lead or with dangerous designs. Government safety officials are particularly concerned that money-conscious parents will purchase holiday gifts from secondhand, online sellers, who may not be aware of safety issues. (San Diego Union-Tribune -- Business)

    Who Got Bailout Money So Far?  Nov 12, 2008
    Washington Federal $200 million. First Niagara Financial $186 million. (Newsmax)

    Taking care of business  Nov 11, 2008
    I think we re seeing the beginnings of that right now, with the Washington Federal building being revitalized, the Jo-Ann s area. There have been two different streets where we ve put in the streetscape improvements partnering with downtown merchants, Plaza 255, Blackstone. (Logan Herald Journal, UT)

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