WASHINGTON — Saying that there needs to be a balance between providing strong oversight and not stifling innovation, NCUA Board Member Gigi Hyland today endorsed a proposal that would require regulatory agencies to eliminate a regulation every time it issues a new one.
The lead lobbyist for the Virginia Credit Union League, Whitt Clement, is the new chairman of the Virginia Chamber of Commerce and said he hopes his election might spur greater industry visibility within the influential business group.
A bipartisan group of 13 senators urged Federal Reserve Chairman Ben Bernanke in a letter sent yesterday to ensure that when the Fed issues regulations on debit interchange fees they don't hurt small financial institutions and consumers.
WASHINGTON -- As credit unions and other financial service providers awaited a draft of the Senate regulatory restructuring, a key negotiator of the bill said when it comes to a new consumer agency, location is less important than teeth.
WASHINGTON -- In real estate, it's all about location, location, location.But as credit unions and other financial service providers awaited a draft of the Senate regulatory restructuring,
WASHINGTON -- Sen. Bob Corker, a key Senate architect of the regulatory restructuring legislation, said today that it is more important that a new consumer regulator have sufficient authority than whether it is an independent agency.