Regulatory & Compliance

CUNA and NAFCU are concerned about the CARD Act's proposed fee structure and the requirement to reevaluate a card user's interest rates every six months.

The NCUA needs to pump out information regarding its legacy assets plan and financials or credit union execs and others will fill in the blanks for themselves.

The management of Cal State 9 Credit Union made "poor strategic decisions" and lacked the experience to understand the risks of subprime lending and its HELOC program, while NCUA examiners failed to recognize the risks and take corrective action.

Senate Republicans said today they will allow the regulatory restructuring legislation to come to the Senate floor and attempt to amend the legislation on the floor.

Kathy Keenan-Swanson, the head teller at the $91 million Southwest Montana Federal Credit Union of Anaconda, is preparing to face her first test in her pursuit of a House seat in the Montana legislature.

Credit unions seem to be gaining new stature in the Federal Reserve system based on new overtures from at least one key district bank, CU officials reported.