Regulatory & Compliance

WASHINGTON -- The top Treasury Department official on credit unions said that the proposed agency to regulate consumer financial products will give credit unions a more stable regulatory environment in which to operate.

WASHINGTON -- Even when companies start hiring again, it will be some time before there is a serious dent in the unemployment rate, former Federal Reserve Chairman Alan Greenspan told attendees of CUNA's Governmental Affairs Conference.

If the House follows seniority, Rep. Pete Stark (D-Calif.), who once started and ran a community bank in suburban San Francisco, would be the next chairman of the House Ways and Means Committee.

WASHINGTON -- Credit unions should aim to serve 100 million members by 2015 while paying careful attention to matters of financial soundness, NCUA Board Chairman Debbie Matz told attendees at CUNA's Governmental Affairs Conference.

Attendees of CUNA's Governmental Affairs Conference last week were spared a winter storm, but there was a flurry of activity.

Talk about bad timing for credit unions.

Even though they weren't invited to testify-and the banking trade associations were-CUNA and NAFCU sent letters to a Senate subcommittee urging lawmakers to raise the cap on member business lending.

The NCUA on Friday liquidated Mutual Diversified Employees Federal Credit Union of Santa Ana, Calif. and its assets were purchased by SchoolsFirst Federal Credit Union in the same city.