Regulatory & Compliance

A good attorney will tell you what you need to hear, not what you want to hear, according to John Porter, an attorney with Weltman, Weinberg & Reis Co.

The NCUA today issued a Letter of Understanding and Agreement with the officials of $360 million Sperry Associates Federal Credit Union of Garden City Park, New York.

No matter how unpopular the debit interchange regulating Durbin amendment is among credit unions, at least one credit union is not opposing it.

The issue of regulating interchange fees will be one of the topics lawmakers have to deal with when the House-Senate conference committee meets today to reconcile the differences between the financial reform bills passed by both chambers.

Arizona Attorney General Terry Goddard pledged Wednesday to vigorously enforce a crackdown on payday lending three weeks before the June 30 expiration of a sunset law allowing the shops to charge rates up to 400%.

Sabine FCU of Orange, Texas today assumed the assets of Orange County Employees CU after the Texas Credit Union Department named the NCUA liquidating agent of Orange County Employees CU.