Regulatory & Compliance

The NCUA Board is scheduled to unveil a proposed rule on mergers and conversions at next Thursday's meeting.

The NCUA should offer specific guidance to credit unions that want to merge with others and establish registries at each of its regional offices of interested credit unions "willing and able to merge."

Senate Banking Committee Chairman Christopher Dodd said today lawmakers are on a "positive and optimistic track," in trying to reach an agreement on regulatory restructuring, but declined to discuss specifics of the bill he will introduce on Monday.

WASHINGTON -- Sen. Bob Corker said today before Senate Banking Committee Chairman Christopher Dodd decided to introduce his own bill, he and Dodd had reached an agreement that the new consumer regulatory entity would be housed in the Federal Reserve.

Senate Banking Committee Chairman Christopher Dodd (D-Conn.) said today that he will unveil his own legislation on revamping the regulation of financial services on Monday and his panel will mark up the bill the following week.

The jury is still out, but it so far has been a mixed bag for CUNA and state leagues when it comes to passing public funds legislation this year with one major victory in Oregon but defeats in New Mexico and Colorado.