A roundup of Nov. 6 results from the credit union industry perspective.
Change is inevitable at the NCUA following the announcements by Board Member Gigi Hyland and Executive Director David Marquis that they’re leaving the agency.
Whoever replaces departing board member Gigi Hyland will have some big shoes to fill when it comes to her credit union experience, industry leaders say.
Credit unions shouldn’t look for a nomination to replace Board Member Gigi Hyland soon.
NCUA mum on possible litigation
WASHINGTON — Although speakers at NAFCU’s Congressional Caucus pledged their support for credit union member business lending , not one member of Congress said MBL legislation would be passed before the end of this year.
Just how much CCUL donated to failed congressional candidate Pete Aguilar is a matter of debate between the CCUL and Rep. Gary Miller (R-Calif.).
WASHINGTON — GOP lawmaker miffed league gave $250,000 check to his opponent; league says it was $135,000 and it gave him $5,000.
I read with great interest Edward Speed’s Guest Opinion [July 18 issue, page 12]. I appreciate Speed sharing his thoughts about regulators, trade associations, CUSOs and business lending. We need to dialog about the issues we face so that collectively we can make the right decisions.
The Libor price-fixing scandal, in which the London-based bank and financial services company Barclays manipulated Libor submissions to give a healthier picture of the bank’s credit quality in 2007 and 2008, has had little material effect on credit unions, according to industry experts. However, corporates that owned Libor-indexed assets during...