CU Times covers the NCUA, CUNA, NAFCU, CFPB as well as Congress to keep credit union executives up-to-date on regulatory and compliance changes coming out of Washington, D.C.
Credit unions and community banks wouldn't be subject to a fee on financial institutions proposed today by President Obama and aimed at recovering some of the costs for the rescue of the financial system.
After a 12-year wait-not quite the 102 years that Chicago Cubs fans have endured but a frustrating time nonetheless-credit unions could get additional power to make business loans.
Western Corporate Federal Credit Union President/CEO Philip Perkins spoke out against some proposed NCUA corporate regulations in a letter to members that was obtained by Credit Union Times.
Early January is typically a slow news time for us as the credit union industry awakes from its holiday slumber, but that is certainly not the case this year.
The impending retirement of Senate Banking Committee Chairman Christopher Dodd (D-Conn.) could make it easier for that panel to reach a consensus on regulatory restructuring, according to lobbyists for the credit union movement.
Banks paying executives salaries that are deemed to encourage risky financial activities would be levied a higher premium by the FDIC, according to the provisions of a proposed regulation that the agency sent out for comment today.
NAFCU President/CEO Fred Becker today urged the NCUA to review the assisted merger process and encourage credit unions able to merge with another credit unions to notify the agency.