Regulatory & Compliance

Rep. Paul Kanjorski, who has been one of the strongest supporters of credit unions in Congress, was defeated after a 26-year career by Hazleton Mayor Lou Barletta.

The bitter and nasty race for Harry Reid's U.S. Senate seat in Nevada has been a credit union negative on one level: It knocked out all those product ads and positive messaging.

Reps. Dan Burton and Mike Pence (both R-Ind.) have won re-election, while Democratic senate candidate Rep. Brad Ellsworth lost a race for an open Senate seat, the Associated Press projected.

CNN, Fox and MSNBC have all projected that the GOP will win a majority of seats in the House, thus ending the Democrats' four-year control of that chamber.

Credit unions wanting to know about the risks and rewards of indirect lending can sign up for the NCUA's free webinar on the subject on November 9.

Citing loan losses, Washington Department of Financial Institutions closed The Union Credit Union of Spokane on Friday and appointed the NCUA as liquidating agent.