Regulatory & Compliance

When Senate Banking Committee Chairman Christopher Dodd (D-Conn.) leaves office at the end of the year, he will be one of at least three members of the committee departing Congress.

Financial institutions should make frequent use of stress tests and have well established risk measuring and monitoring systems to guard against the risks caused by rising interest rates.

In the wake of falling poll numbers, Senate Banking Committee Chairman Christopher Dodd (D-Conn.) is expected to announce today that he will retire from office at the end of the year, according to several media reports.

For CUNA's political action committee, Rep. John Hall (D-N.Y.) is still the one.

Responding to complaints from the chief executives of CUNA and NAFCU, NCUA Chairman Debbie Matz said the agency's budget is "wholly appropriate," in light of the challenges that the industry faces.

Saying "this is my moment to step aside," while acknowledging that he is in "the toughest shape of my political career," Senate Banking Committee Chairman Christopher Dodd (D-Conn.) announced today he will retire from office at the end of the year.

WesCorp President/CEO Philip Perkins wrote in a letter to members obtained by Credit Union Times that the NCUA's proposed corporate regulations as currently written contain a "number of elements that would have a detrimental impact on credit unions."

Rep. Brad Sherman, a member of the House Financial Services Committee, urged his colleague who is writing the jobs creation bill to include in it an increase in the cap on member business lending.