Regulatory & Compliance

WASHINGTON - The unwillingness of Republicans to raise taxes coupled with Democrats' unwillingness to cut taxes will cause a fierce battle next year, conservative analyst Patrick Buchanan told attendees at NAFCU's Congressional Caucus.

WASHINGTON - The difficulties faced by credit unions should cause them to do even more due diligence and use sound and timely risk management practices, NCUA Board Member Gigi Hyland said today.

NAFCU's Congressional Caucus gets underway Monday with keynote speaker conservative commentator and former presidential candidate Pat Buchanan. The conference runs through Sept. 22 at the Grand Hyatt in Washington, D.C.

The NCUA Board voted to amend its regulations to make the $250,000 per account NCUSIF coverage permanent.

LAS VEGAS -- The jury is out on whether Democratic Senate Majority Leader Harry Reid or contender Sharron Angle will win the Senate seat in November, but Las Vegas broadcasters are already winners.

The Senate today passed a small business lending bill that includes a $30 billion fund to encourage community bank lending-but without a provision to raise the cap on member business loans from 12.25% to 27.5% of assets.