Claude R. Marx

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  Exam Bill Reveals Split Between NCUA and CU Execs

  By Claude R. Marx  |  February 5, 2012

  While industry representatives said new legislation on financial institution exams is sorely needed, an NCUA executive more than begged to differ.

• Cordray Pledges to Go Easy

  By Claude R. Marx  |  February 5, 2012

  Saying that credit unions and small banks “had very little, really nothing to do with causing the financial crisis,” Consumer Financial Protection Bureau Director Richard Cordray renewed his commitment to ensure that they don’t face unnecessary additional regulatory burdens.

• Unemployment Drops to 8.3% in January

  By Claude R. Marx  |  February 3, 2012

  Of the 12.8 million people unemployed in January, 5.5 million had been without jobs for 27 weeks or more, the Labor Department said.

• NCUA Changes Date of December Board Meeting

  By Claude R. Marx  |  February 3, 2012

  Moved from Dec. 13 to Dec. 6; no reason given.

• Bipartisan Group of Lawmakers to Be Honorary Chairs of CU Cherry Blossom Run

  By Claude R. Marx  |  February 2, 2012

  So far 130 members of the House and Senate representing both parties and a range of ideological views have agreed be honorary chairs of the Credit Union Cherry Blossom Run.

• Paying Politics: Trades Build War Chests for 2012 Campaigns

  By Claude R. Marx  |  February 2, 2012

  CUNA, NAFCU spread donations across parties, chambers.

• Trades Cite Business Demand in Push for Legislation to Hike the MBL Cap

  By Claude R. Marx  |  February 2, 2012

  CUNA letter cites survey showing that 60% of small businesses cite lack of credit as a serious problem; NAFCU says 12.25% cap hinders local lenders.

• N.C. Congressman Says NCUA is on 'Witch Hunt' Over SECU CAMEL Release

  By Claude R. Marx  |  February 1, 2012

  Rep. Mel Watt assails NCUA executive director during House hearing on exam measure, says agency "way beyond" its authority.

• NCUA’s Marquis Throws Cold Water on Bill to Overhaul Exams

  By Claude R. Marx  |  February 1, 2012

  Agency executive director tells House panel that bill would raise NCUSIF tab, add regulation and not give any assurance of added benefit.

• Trades to Urge Lawmakers to Revamp Exam Process

  By Claude R. Marx  |  February 1, 2012

  The NCUA’s decisions aren’t reviewed by third parties and credit unions don’t receive consistent messages, trades testify to Congress.