Regulatory & Compliance

SAN ANTONIO -- State credit union regulators feel they have dodged a big bullet but face challenges ahead. Yet they are more optimistic than not.

Illinois senator Richard Durbin, a Democrat, has defended the debit card interchange amendment that bears his name, suggesting that the bank that has brought suit against it in federal court does not really understand it.

Rep. Paul Kanjorski, one of the strongest champions of credit unions on Capitol Hill, trails his GOP challenger Lou Barletta by seven percentage points, according to a poll released today by Franklin & Marshall College.

President Obama has appointed Roland Arteaga, president/CEO of the Defense Credit Union Council, to the President's Advisory Council on Financial Capability.

The Chairman's Group met recently in Baltimore. The organization comprises mostly credit union chairmen but also other volunteers, and I was fortunate enough to receive an invite.

There should be a thorough investigation of problems with the foreclosure process but no moratorium, White House spokesman Robert Gibbs said today.