WASHINGTON-House Financial Services Committee Chairman Mike Oxley (R-Ohio) and incoming-Ranking Member Barney Frank (D-Mass.) are poised to introduce legislation early next Congress to reauthorize the national flood insurance program, which could affect mortgages in risky flood zones. In the meantime, the Federal Emergency Management Agency is working with lenders to...

ALEXANDRIA, Va.-Yearling NCUA Board Member JoAnn Johnson has been too busy doing her job to worry about tooting her own horn much. "I'm not here to make headlines; I'm here to make good policy," she said. One of her top priorities during her time on the board has been to...

ALEXANDRIA, Va.-The NCUA Board's agenda included a long list of items to wrap up before the Christmas holiday. At the opening and conclusion of the two-hour long December meeting, NCUA Chairman Dennis Dollar expressed the board's wishes to the entire credit union community for a happy holiday season. One of...

WASHINGTON-CUNA's far-reaching political arm disbursed large sums of money in the final days before the elections. According to CUNA Vice President of Political Affairs Richard Gose, there is a simple, logical explanation for the eleventh-hour outpouring. "Campaigns need money at different times of an election cycle for different things," he...

WASHINGTON-Over the last four years, the bankruptcy abuse reform bill has been introduced in Congress and each year it gets shot down, one way or another. After President Bill Clinton killed the bill with a pocket veto three years ago, a sigh of relief was audible from supporters when the...

ALEXANDRIA, Va.-NCUA employees, for the first time this year, were given half their annual raises up front in March and half spread throughout the year. The total effect was to lower the salary that the following year's pay increase is based on since the lump sum is not included as...

ALEXANDRIA, Va.-NCUA's proposed rule expanding field of membership authorities issued for comment at the November board meeting was the icing on the cake of 2002's credit union regulatory relief advances. Though modifications were made to virtually every portion of the regulation, according to NCUA Senior Staff Attorney and Field of...

ALEXANDRIA, Va.-The National Community Reinvestment Coalition filed suit against NCUA at the beginning of 2002 for its elimination of the Community Action Plan regulation. The CAP was removed through an interim final rulemaking at the end of 2001, which did not allow for public comment that NCRC claimed is required...