The Senate Banking Committee plans to provide "continued oversight" of the NCUA's corporate stabilization, according to the panel's two-year oversight plan issued by Chairman Tim Johnson (D-S.D.).
If a journey of 1,000 miles does begin with one step, then NCUA Chairman Debbie Matz's letter to Congress on supplemental capital could be the beginning of a long trip.
Congress hasn't scrutinized the NCUA's handling of the problems at corporate credit unions very much.
A law passed by Congress giving the NCUA the power to make payments to the Temporary Corporate Credit Union Stabilization Fund without borrowing from the Treasury sparked an industry discussion about the agency's assessment process.
President Obama today signed a measure allowing the NCUA to pay directly into the Temporary Corporate Credit Union Stabilization Fund.
The NCUA will be able to make payments to the Temporary Corporate Credit Union Stabilization Fund without borrowing from the Treasury Department as a result of legislation passed by the House on Wednesday night.
The Senate has passed a measure which would require the Government Accountability Office to study NCUA management of the corporate credit unions and their financial crisis.
The Wisconsin Credit Union League is once again calling out bankers, this time on their claims that credit unions are not doing enough to serve the underserved.
Credit unions won a victory Thursday night when a Senate committee approved an amendment to remove a provision that would limit credit card interchange rates on government transactions.
Interchange remains the topic du jour. Many pieces of this issue are puzzling, not the least of which is the process in which it came about. Namely, there wasn't one.