Regulatory & Compliance

The NCUA's corporate legacy asset plan may not be made public until September, Chair Debbie Matz told a Town Hall webcast audience of 1,100. The event began at 3 p.m. Eastern Time and is expected to run 90 minutes.

The death of West Virginia Democratic Senator Robert Byrd this morning has left it unclear when, or perhaps if, the current financial regulatory reform package passes from Capitol Hill this week.

NCUA Director of Congressional and Public Affairs John McKechnie said the agency's decision to place Arrowhead Central Credit Union executives on paid leave, rather than dismiss them, is not unusual, particularly while the NCUA is reviewing operations.

The seized Arrowhead Central Credit Union paid volunteers more than $27,000 during 2008, according to tax forms posted on nonprofit reporting website Guidestar.org.

NCUA Schedules Closed Board Meeting.

House and Senate Conferees agreed to a final version of the financial reform legislation that includes controversial language mandating the Federal Reserve to set debit card interchange rates at a "reasonable level."