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Kentucky Supreme Court FOM Ruling Hailed as Banking Defeat

By Jim Rubenstein

Credit union lawyers were hailing a Kentucky Supreme Court ruling upholding state authority on field of membership powers as providing the banking lobby "a resounding defeat" as part of its ongoing quest to curtail CU expansion.

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Fazio's Team Has 'Solid' Corporate Assessment Estimates

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On-Site Coverage: NCUA's Love Outlines NCUSIF Assessment Recommendations

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Regulatory & Compliance Stories

May 20, 2010

Trades Oppose Senate-Passed Regulatory Overhaul Bill

Citing the provisions that would allow the Federal Reserve to regulate interchange fees, CUNA and NAFCU both expressed opposition to the regulatory restructuring bill that the Senate passed 59-39 last night.

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May 19, 2010

Senate Moves Closer on Regulatory Bill

On a mostly party-line vote, the Senate voted today to spend no more than 30 additional hours debating the bill that will overhaul the regulation of financial services.

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May 19, 2010

On-Site Coverage: NCUA Officials Offer Bleak News on Finances

ALEXANDRIA, Va. -- There is a good chance that the reserves set aside for losses in the NCUSIF "won't be sufficient," to cover the losses at some of the large credit unions.

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May 18, 2010

NAFCU Writes Senate Leaders on ATM Amendment

NAFCU has written U.S. Senate Majority Leader Harry Reid (D-Nev.) and Senate Minority Leader Mitch McConnell (R-Ky.) over its concern with an amendment capping ATM fees.

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May 18, 2010

CU Backed Treasurer Loses in Oregon

Oregon State Sen. Rick Metsger, a Democrat and the industry favorite in Tuesday's primary turned up the loser but the Credit Union Association of Oregon said Thursday the effort was worth it.

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May 17, 2010

Trades Urge House Panel to Raise MBL Cap

CUNA and NAFCU are using today's hearing by the House Financial Service on small business lending to reiterate their push to raise the cap on member business loans.

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May 17, 2010

On-Site Coverage: Treasury Official and Frank Offer Encouragement on MBLs

WASHINGTON -- Credit unions today came a small step closer to their goal of raising the cap on member business loans.

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