News

Federal banking regulators are claiming progress in implementation of the Basel II capital standards for U.S. banks.

When it comes to how effective NCUA is in responding to regulatory comments received from small businesses and other entities, the agency has earned a grade of "B," according to the new Small Business Administration 2006 National Ombudsman Report to Congress.

The National Center for Member Trust is picking up at least part of the costs of defending William Brooks and his son, William Brooks Jr., from a lawsuit brought by their former employer, Lafayette Federal Credit Union.

ALEXANDRIA, Va.--NCUA has issued an opinion today stating that federal credit unions can hold onto their Visa stock after the conversion of Visa USA to a subsidiary of Visa Inc.

Marking an unusual collaboration of small credit unions implemented as protection and to further the CU cause, a group of six have begun operating a joint Web site here using grant money from NCUA and the Pennsylvania Credit Union Association.

The Securities and Exchange Commission and the Financial Industry Regulatory Authority have formed an alliance to further promote strong compliance practices at broker-dealer firms for the protection of investors.