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CUNA wants any consumer financial products regulator not to have any examination powers for any credit union while the ABA wants no new consumer regulatory agency.

The new regulator of consumer financial products would be housed in the Federal Reserve and would have the ability to write rules, but most of enforcement would be done by the safety and soundness regulator.

Financial service firms hawking their wares are getting the cold shoulder from some retirees and pre-retirees who are opting for traditional solutions and managing their income on their own, a new study revealed.

The $8.4 billion Members United Corporate FCU has shed its ATM and debit card program SHARE SYSTEM, calling the service "unsustainable over the long term."

Ten more credit unions have signed on as users of the MoneyTracker PFM personal finance management solution from Jwaala, the company said.

Credit unions with assets of more than $10 billion would be subject to examination and enforcement by the new consumer financial products agency housed inside the Federal Reserve.

Call it Babylon Revisited for the 21st century. A unemployed, homeless and bankrupt man in Orange County, Calif., is living off the rewards points he accumulated while traveling on business in more prosperous times.

The NCUA Board is scheduled to unveil a proposed rule on mergers and conversions at next Thursday's meeting.