Regulatory & Compliance

E-mails purporting to offer $40 to participate in a survey that say they come from the NCUA are false, the agency warned today.

Credit unions and other financial institutions that lack federal insurance must disclose that fact in their branches, their advertising and periodic statements, according to final rules approved today by the Federal Trade Commission.

The chairmen and ranking Republicans of the Senate Agriculture and Banking committees are among the 12 senators named to the Senate-House conference committee that will reconcile differences between the regulatory overhauls.

Despite support from the federal government, the Hudson Valley FCU lost a battle in a New York State trial court about whether it or its members have to pay a mortgage-recording tax.

Georgia may be the nation's ground zero for having the highest number of bank failures-32-but state-chartered credit unions seem to be weathering the storm in good shape.

Acknowledging internal political risks by endorsing a Republican, the Michigan Credit Union League said Friday it is formally supporting the GOP's U.S. Rep. Pete Hoekstra in his bid for governor.