Regulatory & Compliance

The Virginia Credit Union League was galvanizing its membership Friday for what it called a full court press to oppose state legislation permitting banks to merge with credit unions and vice versa.

CUNA political strategists say that the U.S. Supreme Court's recent lifting of many limitations on corporate political advertising will not affect credit union political action committee activities.

Federal regulators would have the power to limit the size of certain banks and their ability to take certain risks, under a proposal unveiled today by President Obama.

Reversing a 20-year old precedent, the U.S. Supreme Court today ruled that corporations and unions can use money from their general treasuries to make campaign contributions.

Despite banker opposition, Washington State credit unions are encouraged legislation allowing deposits of public funds in CUs could be enacted this session following support from a key lawmaker, the Washington Credit Union League said Thursday.

As senators prepare a jobs-creation package that CUNA and NAFCU hope will include an increase in the MBL cap, the trades yesterday wrote letters reiterating their support for the measure.

Congress has placed financial service providers on the defensive during the past four years. But with an election scheduled for this year, the political pressures will be even greater.

Financial institutions should make frequent use of stress tests and have well-established risk measuring and monitoring systems to guard against the risks caused by rising interest rates.