Federal Reserve filing reveals for first time the battle insurers are waging to preserve state regulation, limit federal intrusion on their activities.
The proposed conversion of the $1.8 billion HarborOne Credit Union to a mutual bank triggered fresh industry debate last week about the impact and efficacy of conversions as the Brockton, Mass., CU formally tendered its resignation from CUNA and the Massachusetts Credit Union League.
Is conversion bid a sign of things to come? That's one point raised in this look at an article from next week's print edition.
Massachusetts CU CEO eyes long regulatory process in proposed takeover of New Hampshire bank.
Now garnering heightened industry attention, the $1.3 billion United Federal Credit Union of St. Joseph, Mich. moved a step closer last week to charting what it called trail blazing territory by winning NCUA approval to buy an ailing Indiana savings bank.
That precedent-setting deal by Michigan’s United Federal Credit Union to merge an ailing Indiana savings bank gained NCUA approval last week and now seems certain to be the model for more to come, its architect says.
Wall Street reform may be what the Dodd-Frank Act is intended to accomplish, but as usual, those financial institutions that followed the rules and operated with the best interests of their customers in mind end up shouldering a new burden because of a bunch of bad actors who didn’t.
Wall Street reform may the Dodd-Frank Act's intent, but financial institutions that followed the rules and operated with the best interests of their customers in mind end up shouldering a new burden because of a bunch of bad actors who didn’t.
Matz, chair of FFIEC, says federal credit unions will need to "adapt appropriate strategies" to meet new guidance on online security.
Multi-agency council, chaired by NCUA's Matz, says new guidance will be added to examiner expectations starting next year.