WASHINGTON - August is the month when Congress and many of Washington's other officials take some time away from the city's notorious summer heat and humidity, but even with many legislators away work has been moving forward, according to CUNA executives. One area of progress has been the continued proliferation...

SHERMAN, Texas - The case pending between the NCUA and the two Dallas area credit unions that are seeking to become banks continued to build last week as the credit union filed its counter-arguments to NCUA's first submission and the U.S. Justice Department beefed up its legal team. In addition...

WASHINGTON - NCUA was not the only one defending its charter change regulations. CUNA and NAFCU joined in as well. In a 27-page "friend of the court" brief, lawyers for the two trade associations defended NCUA's mandated boxed disclosure statements point by point, and explained why each one should be...

SHERMAN, Texas - In filings before the Federal Circuit Court which will decide its ongoing legal battle with the $1.4 Community CU and $1.1 billion OmniAmerican CU, NCUA both attacked the Community CU's assertions that it had acted improperly in promulgating its charter change disclosure regulations and defended those regulations...

But the heart of the agency's argument came in the assertion that, as a Federal agency, it merits a high degree of deference in judicial opinions and judgments and that the credit unions cannot meet that standard. "CCU's challenge to NCUA's promulgation and implementation of its regulations and to NCUA's...

ARLINGTON, Va. - The ongoing struggle between NCUA and the $1.4 billion Community Credit Union over whether the credit union will have to ask its members to vote again on whether or not to become a mutual bank entered a bit of a lull last week. Each side has chosen...

WASHINGTON - The National Community Reinvestment Coalition has not given up its effort to force mainstream credit unions under the Community Reinvestment Act and is approaching the effort on a number of fronts, according to the minutes of a June 17 meeting of the organization's "Credit Union Team." The meeting's...

WASHINGTON - Executives from the major card brands as well as CardSystems Solutions spent over four hours last week testifying before the House Financial Services Committee's Subcommittee on Oversight and Investigations about how up to 40 million credit and debit card accounts were compromised in the industry's biggest card security...