Regulatory & Compliance

NAFCU has written a letter to U.S. Senators about one of the amendments to the Restoring American Financial Stability Act of 2010 that has drawn little attention, a measure that would cap ATM fees at fifty cents per transaction.

The chairman of the NCUA would be included in the council of regulators that could make decisions on systemic risk and hear appeals of rules by the new consumer financial regulator if an amendment sponsored by Sen. Susan Collins (R-Maine) is approved.

Prime Financial Credit Union of Cudahy, Wis., once considered a failed CU, is back on its feet "as an independent" organization returning to normal operations.

The Pennsylvania Credit Union Association is urging its member credit unions to contact their U.S. Senators to oppose recent amendments on card interchange.

After almost a week of legislative wrangling and maneuvering, at press time the Senate was beginning what many expect to be several weeks of debate on a measure to overhaul the system for regulating financial services.

House Appropriations Committee Chairman David Obey (D-Wis.) announced today he will not seek re-election to the seat he has held since 1969.