WASHINGTON-CUNA and NAFCU are taking the opportunity to write a comment letter to the Office of Management and Budget (OMB) in response to its request for comment on a draft report for Congress regarding the costs and benefits of federal regulations. The assessment by OMB is under the auspices of...

WASHINGTON-The National Community Reinvestment Coalition (NCRC) recently filed an objection with the U.S. District Court for the District of Columbia to CUNA's and NAFCU's amici curiae ("friends of the court") brief in the group's lawsuit against the NCUA. NCRC filed suit against the regulator early this year charging that the...

WASHINGTON-While credit unions have not been lobbying for the deposit insurance reform legislation (H.R. 3717), they have been looking for parity in its language. Under the bill passed by the House two weeks ago, credit unions would receive parity over the deposit insurance coverage issue, but many still cannot receive...

ALEXANDRIA, Va.-As is required, NCUA published its semi-annual regulatory agenda in the Federal Register. It appeared in the May 13, 2002 edition. The agency is expecting to take up quite a few ongoing issues at next month's board meeting. Scheduled for consideration in June is issuing a notice of proposed...

WASHINGTON-Credit union lobbyists believe that there is some hope left for two key bills: bankruptcy reform (H.R. 333) and deposit insurance reform (H.R. 3717). Last week, after two hours of debate, the bankruptcy reform conference committee could not arrive at a compromise on the final sticking point: the clinic violence...

WASHINGTON-Low-income households are not the only ones who are asset poor. Many moderate- and even middle-income households also do not have enough rainy day savings or assets for a comfortable retirement, according to a new study by Ohio State University, sponsored by CUNA, the National Credit Union Foundation and the...

WASHINGTON-In a recent letter to the Small Business Administration (SBA), CUNA told the agency that notice and comment were unnecessary and a waste of time in allowing credit unions to participate in the SBA's 7(a) loan program. The SBA only permits geographically based credit unions to participate currently due to...

ALEXANDRIA, Va.-The NCUA Board voted last week to issue for comment minor substantive and technical corrections to the Prompt Corrective Action (PCA) rule after approximately 18 months of dealing with the statutorily imposed regulation. The board also considered four community charter conversions and approved a final rule on Allowance for...