WASHINGTON-Credit union lobbyists are not giving regulatory relief legislation much more than a snowball's chance in heck of getting very far through congressional machinations this year. CUNA Vice President and Senior Legislative Counsel Gary Kohn commented that he "would not argue" with a prediction that the bill, the brainchild of...

WASHINGTON-During a recent speech to the Consumer Bankers of America (CBA), Treasury Deputy Assistant Secretary for Financial Institutions and GSE Policy J. Patrick Cave told the group that "hopefully a significant number of institutions" would agree to adopt a voluntary code of conduct to prevent predatory lending practices. The Treasury...

LAS VEGAS-It isn't everyday credit unions hear compliments coming from the mouth of a banker. But that was exactly what American Bankers Association (ABA) President James E. Smith did when he commented that credit unions' lobbying efforts in Washington were superior to the banks during a speech given at the...

VIENNA, Va.-After serving in active duty in the Navy from 1966 to 1970, Brian McDonnell was looking for a job while serving in the Naval reserves. The rest, as the saying goes, is history. McDonnell was offered two positions at Navy Federal Credit Union: the head of general accounting and...

WASHINGTON-The National Community Reinvestment Coalition (NCRC) conducted a two-year study of the lending trends, based on Home Mortgage Disclosure Act (HMDA) data, in which it alleges "NCUA member lenders" fall short of efforts in community reinvestment than their financial services counterparts that are subject to the Community Reinvestment Act (CRA)....

ALEXANDRIA, Va.-In one of her first interviews with the credit union trade press, newly inaugurated NCUA Board Member JoAnn Johnson said that she would like to leave a favorable fingerprint on the agency. "When I leave here, I hope to have good things said: a good manager and a good...

ALEXANDRIA, Va.-NCUA Board Member Deborah Matz said she is very comfortable taking her seat at the agency. She noted that her strong financial background, having worked on state and local government issues and the loan resolution task force following the economic downturn of the 1980s, gives her a boost, as...

CU Times Washington Reporter ALEXANDRIA, Va.-The two new recess appointees to the NCUA Board, Iowa State Senator JoAnn Johnson and UN Official Deborah Matz, are jumping in to their new responsibilities at the agency with both feet. For starters, both will be facing an NCUA Board meeting in just their...