NASCUS Regulator Meeting Hits New England

BOSTON — NASCUS management and Chairman George Reynolds (Ga.) joined state regulators from the Northeast Feb. 8 to discuss current economic challenges, effects of the subprime lending market, credit quality, member business lending, and unrelated business income tax.

“As NASCUS continues to meet with regulators across the country, we are learning that there are certain topics on all regulators’ minds, as well as issues unique to each region,” said Reynolds. “What we are gaining from each region is critical to NASCUS’ advocacy efforts in both Washington, D.C. and within the states.” The Feb. 8 meeting was held at the offices of Massachusetts Division of Banks with representatives from Connecticut, Massachusetts, Maine, Pennsylvania, Rhode Island, and Vermont.