Regulatory & Compliance

In April 2010, NCUA board member Gigi Hyland released a white paper outlining the issues and opportunities inherent in nontraditional sources of capital.

Credit card companies have enlisted state treasurers who say that cutting interchange fees would limit card issuers' abilities to give states access to prepaid cards to distribute benefits at little or no cost.

As the industry's interchange blitz strode into full swing this week, CUNA and state leagues warned anew Monday about the bottom line impact on credit unions should the Durbin amendment be enacted.

When it comes to the interchange battle, the national spin may be that banks and credit unions can cooperate to defeat the Durbin amendment, but if Texas is an example, that job may be easier said than done.

Be it expanding affordable housing, supporting small businesses or providing financial services to urban and rural areas, community development financial institutions continue to play a pivotal role.

The Obama administration put its support for raising the cap on member business loans to as much as 27.5% assets in writing yesterday.