Regulatory & Compliance

Calling it a "special case situation," Senate Majority Whip Richard Durbin said he would work to find a way to exempt state government-issued debit cards used to distribute benefits from his amendments.

Credit unions need to be more tough-minded on loan modifications, willing to say "no" but still look for ways to accommodate borrowers with alternative products, a Florida regulator told CU executives Wednesday.

Alexandria, Va. --The NCUA Board is approved a 13.4 basis point assessment for federally insured credit unions to help the Corporate Stabilization Fund repay the Treasury Department.

The House last week was slated to pass a bill establishing a $30 billion fund for community banks to draw on to increase business lending.

Accounts of up to $250,000 at credit unions and banks would be permanently insured beyond the current expiration date of 2013, as a result of an amendment approved late yesterday by the House-Senate conference committee on regulatory overhaul.

Fiserv Inc. and Xtend Inc. have joined the list of vendors offering credit unions help in meeting the federal Regulation E opt-in deadline of July 1.