Regulatory & Compliance

With an eye on Walmart's expansion into financial services, the Credit Union League of Connecticut alerted its members Friday to the start of check-cashing services in all 33 of the retailer's Connecticut stores.

In a victory for the Virginia Credit Union League, a House panel voted 20-0 Thursday to pare down a banker-backed bill allowing banks to buy credit unions into a measure enabling state CUs to convert to mutual charter.

An overwhelming majority of Americans favor additional limits on overdraft fees and that's why Congress should pass legislation to strengthen consumer protection in this area, the Consumer Federation of America said today.

Credit unions will have an additional month to comment on the NCUA's proposed rules changes on community charter.

Risk management, diversification and products with guarantees have proven to be tried and true approaches when it comes to what financial advisers suggest to members and credit union employees.

The political and policymaking sides of the Federal Reserve's role were in full view last week as the Fed kept interest rate the same and lawmakers dragged out the vote on Chairman Ben Bernanke's second term.

A credit union that fought the NCUA to become a mutual bank in 2005 has moved on to become a stock-issuing bank.

The economic crisis and bank departures from rural areas were giving credit unions in eight states new hope last week their legislative proposals for deposit of public funds might stand an improved chance of passing this year.