A U.S. District Court judge gutted the Federal Reserve’s debit card regulatory regime July 31, ruling the Fed rule disobeyed the law and ordering the regulator to rewrite it.
Credit union trade groups are in agreement when it comes to the NCUA’s derivatives proposal. Unfortunately, the responses aren’t pretty.
Judge didn't hint outcome in oral arguments. Unresolved questions - including legal standing - about ability to appeal.
Trades also indicate possible appeal after federal court throws out Fed's 21-cent cap.
Trades oppose high cost of participation and implementation strategies.
ALEXANDRIA, Va. — Credit unions already paid 2013 operating fees, so excess funds will offset 2014 operating budget, NCUA Board decides.
The NCUA reported April 2 that it scored a $165 million win against Wall Street, reaching a settlement with Bank of America over residential mortgage-backed securities losses at failed corporate credit unions. Bank of America did not admit fault as part of the settlement, the NCUA said in a release.
What common bond does a website editor in Los Angeles share with a military-based credit union in Virginia?
The NCUA Board presided over a monthly board meeting Feb. 21 that concerned mostly positive news for credit unions. Two new rules that expand investment powers and field of membership reach were approved. And year-end share insurance statistics showed improved CAMEL scores and legacy asset performance.
Before the recession, credit unions sometimes skimped on requiring business borrowers to provide legal opinions for transaction fundamentals, attorney Dustin DeVore told an educational session audience during a Feb. 11 Metropolitan Area Credit Union Management Association meeting in Rosslyn, Va.