Credit unions and other financial institutions are likely to face an added regulatory burden as a result of the regulatory overhaul bill passed by Congress this year.
Every year at this time, this space is reserved for predictions. Last year when I made mine, I must have been in a sour mood for they were downright bleak.
Say farewell to the wisecracking, brainy lawmaker from suburban Boston and say hello to the soft-spoken, courtly former lumber company owner and trial lawyer from Birmingham, Ala.
When Congress returns, credit unions can expect fewer consumer bills, tweaking the financial overhaul bill and new leaders of House and Senate committees that oversee credit unions.
Credit Union Times ON AIR this week featured a variety of issues affecting credit union volunteers from education to volunteer/CEO relations to paying "volunteers."
The Senate last Thursday overcame strong Republican opposition and passed comprehensive regulatory overhaul legislation 60 to 39. All but one of the 58 Senate Democrats supported the measure, and all but three of the chamber's 41 Republicans opposed it.
Reaching inside the credit union movement following the tenure of a prominent outsider, CUNA last week named California-Nevada Credit Union League President Bill Cheney as its new leader.
Former NCUA Board Member Geoff Bacino urged credit union officials and members to back Senate Majority Leader Harry Reid (D-Nev.) in what is expected to be a difficult re-election race this year.
Find out how our readers ranked the top 10 stories of 2010.