Regulatory & Compliance

The NCUA Board today issued orders prohibiting two former credit union employees from participating in the affairs of any federally insured financial institution.

WASHINGTON -- The woman leading the setup of the new Consumer Financial Protection Bureau said she hopes to work closely with credit unions and if "this thing works out right, consumers and credit unions will be on the same side of the line."

At first glance, credit unions and baseball do not have a great deal in common.

In advance of the Nov. 2 elections, CUNA is stepping up its grassroots advocacy with what it calls a refined "partisan communication" campaign aimed at bringing more direct involvement by CU members with candidates.

WASHINGTON -- Overhauling, not eliminating, Fannie Mae and Freddie Mac will be the top priorities of Congress' reform efforts next year, Rep. Paul Kanjorski (D-Pa.) told attendees.

The NCUA Board on Sept. 16 approved a share insurance fund premium of 12.42 basis points. At that board meeting Chairman Debbie Matz read a statement. An excerpt: