Regulatory & Compliance

While credit union representatives each had their five minutes of fame at the House Financial Services and Small Business Committees' hearing on business lending, that was about all the attention they received.

As credit union executives were hiking the Hill this week during CUNA's Governmental Affairs Conference, their efforts did not go unnoticed by many lawmakers.

Communication between former U.S. Central FCU executive Dave Dickens' legal firm and the NCUA said the NCUA reneged on U.S. Central's pre-conservatorship severance offer to Dickens.

Representatives of CUNA and NAFCU are using appearances at today's joint hearing of two House committees to press their case for raising the cap on member business lending.

The NCUA liquidated the Friendship Community Federal Credit Union of Clarksdale, Miss. today and its assets were purchased by Shreveport Federal Credit Union of Shreveport, La.

WASHINGTON -- House Minority Whip Eric Cantor praised credit unions for their work in helping individuals and communities fulfill their goals and dreams and their contributions to the nation's prosperity.