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Oregon CUs Coordinate Primary Push for Treasurer Candidate

By Jim Rubenstein

In today's Oregon primary, credit unions are coordinating their support for one of the industry's leading "friends," state Sen. Rick Metsger running for State Treasurer on the Democratic ticket.

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Mica Testifying on Small Business Lending

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NCUA Closes Convent FCU

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Regulatory & Compliance Stories

May 16, 2010

NCUA Faults CU and Examiners in Failure of Eastern Financial Florida CU

Extensive investments in collateralized debt obligations, unrealistic growth patterns that went unchecked and the failure of state and federal examiners to realize the risk of certain practices all helped cause the failure of Eastern Financial Florida CU.

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May 13, 2010

VISA Makes Statement on Durbin Amendment

Visa Inc. has broken with its customary practice or not speaking directly on the issue of card interchange to comment explicitly on the amendment to regulate card interchange sponsored by Sen. Richard Durbin (D-Ill.).

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May 13, 2010

Senate Passes Interchange Amendment

Despite intense opposition by credit unions and banks, a bipartisan majority in the Senate last night voted 64-33 to pass an amendment to the regulatory overhaul bill that will restrict interchange fees.

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May 13, 2010

NAFCU Will Continue to Contest Interchange Measure

NAFCU vowed it would continue to oppose an amendment to the regulatory overhaul bill that would regulate card interchange. The measure was sponsored and championed by Illinois Democratic Senator Richard Durbin.

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May 13, 2010

35,000 e-Mails, Letters Blitz Senators on Interchange

The industry's massive lobbying effort this week to oppose Sen. Durbin's interchange amendment triggered an estimated 35,000 letters and e-mail messages to U.S. senators but that was apparently dwarfed by retailers' counter campaign.

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May 13, 2010

Lake Michigan CU Merging Ailing Citizens CU

The $1.9 billion Lake Michigan Credit Union is merging with the troubled $62 million Citizens CU of Kalamazoo, giving the Grand Rapids CU an expanded entry into the Kalamazoo market.

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May 13, 2010

Matz Urges Changes to Senate Reform Bill

NCUA Chairman Debbie Matz has written senators in support of two changes in the pending regulatory reform measure, the agency said today.

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