News

The SEC has adopted new rules it says are designed to significantly strengthen the regulatory requirements governing money market funds and to better protect investors.

Elizabeth Whitehead, the NCUA's associate regional director, programs in Region I, was named by the board today to be the Director of Region V.

The Jan. 12 Haiti earthquake and damage to financial services infrastructures has created a liquidity crunch in the country, said Saul Wolf, remittance manager for IRnet.

In a sign that the economy may be picking up, the gross domestic product increased dramatically to an annual rate of 5.7% in the fourth quarter, according to a preliminary estimate released today by the Commerce Department.

On a unanimous vote, the NCUA Board today withdrew rules issued by the agency and other financial services regulators last year aimed at regulating what they constitute as "Unfair or Deceptive Acts or Practices."

ALEXANDRIA, Va. -- Almost 20% of insured shares were in credit unions with a rating of CAMEL 3 or higher last year and the NCUSIF's equity ratio fell to 1.24% last month, NCUA Chief Financial Officer Mary Ann Woodson told the NCUA Board today.