November 20, 2009 Financial institutions with assets of less then $50 billion wouldn’t have to pay into a fund aimed at rescuing large companies deemed “too big to fail,” as a result of an amendment passed by the House Financial Services Committee yesterday....
November 20, 2009 Credit union employees who want to learn how to comply with the Home Mortgage Disclosure Activity reporting requirements that recently went into effect can participate in NAFCU’s Dec. 2 Webcast on the subject....
November 20, 2009 Kent Buckham, who has held several key positions at the NCUA, has been chosen to be the first director of the agency’s Office of Consumer Protection....
November 19, 2009 ALEXANDRIA, Va. — The NCUA will propose increased capital requirements for corporate credit unions....
November 19, 2009 ALEXANDRIA, Va. — NCUA CFO Mary Ann Woodson told the board today that as a result of the sluggish economy, 5.58% of all insured shares are in credit unions with CAMEL 4 or 5 ratings and there are 337 credit unions with such ratings.
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November 19, 2009 Corporate credit unions would higher capital requirements, more limits on the type of investments they can make and more disclosure requirements for the executive and board compensation under proposed rules that the NCUA sent out for public comment today....
November 19, 2009 CUNA, NAFCU and NASCUS said there were few surprises in the proposed corporate credit union rules that the NCUA Board sent out for 90 days of public comment today, but pledged to examine them carefully and submit comments to the agency....
November 19, 2009 CUNA and NAFCU said the 13% budget increase approved by the NCUA Board today was excessive given the financial difficulties facing many credit unions....
November 18, 2009 Credit unions dodged a big bullet but still face potential additional regulatory burdens under the bill to revamp the way financial services are regulated unveiled last week by Senate Banking Committee Chairman Christopher Dodd (D-Conn.)....
November 18, 2009 At its second to last meeting of the year on Nov. 19, the NCUA Board is scheduled to issue its long-awaited proposed rules for revamping the structure of the corporate credit union system. The meeting will crunch some numbers for the agency’s 2010 budget....
November 18, 2009 With Congress actively pursuing regulatory reform, credit cards restrictions and further regulations on overdraft charges, among other subjects,...
November 18, 2009 Conceding that it is a “fine balance,” NCUA Chairman Debbie Matz told two key lawmakers that the agency is modifying its examination standards to give credit unions more flexibility while being certain that safety and soundness standards are being met....
November 18, 2009 Mandating that credit unions pay into a fund aimed at rescuing large financial institutions isn’t equitable and would hurt credit union members, NCUA Chairman Debbie Matz wrote in a letter to House Financial Services Committee Chairman Barney Frank....
November 18, 2009 In another sign that the economy hasn’t completely turned around, housing starts fell 10.6% in October, following two months of increases, according to a report issued today by the Commerce Department and the Department of Housing and Urban Affairs....
November 18, 2009 Consumer prices increased 0.3% last month, the Labor Department reported today....
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