Regulatory & Compliance

Credit unions have earned the right to diversify their membership through field of membership expansion.

NAFCU has refrained from making concrete suggestions about what sort of structure a new Fannie Mae or Freddie Mac might one day have but has urged legislators to preserve their ability to help CUs manage mortgage liquidity.

NCUA Chairman Debbie Matz said today the agency hopes to announce a plan for corporate legacy assets by the end of June, before final corporate regulations are released.

California's central valley economy "may be as bad as it gets," but that has not precluded Valley First Credit Union of Modesto from becoming the successful bidder on the failed Tracy FCU, its president/CEO Henry Barrett said Tuesday.

WASHINGTON -- Treasury Secretary Timothy Geithner went to a conservative leaning thing tank yesterday to make the case for revamping financial regulations in a manner that provides "strong protection for consumers."

For the second time in a month, NCUA Chairman Debbie Matz rejected a request by a credit union trade association to lower the NCUSIF operating level but said the agency would revisit the issue in September.