Regulatory & Compliance

When it comes to getting the cap on member business lending being raised, credit unions suffered another setback when the draft of the Senate job creation bill didn't include a provision that would accomplish that.

Elizabeth Whitehead, the NCUA's associate regional director of programs in Region I, was named by the board to be the Director of Region V.

The NCUA has moved forward filing a suit to recover $12 million from the defunct New London Security Federal Credit Union after discussions to reach a settlement fell through.

Though credit unions lost a battle over student loans in the House, they may have another chance to prevail in the Senate.

World Council of Credit Unions announced Feb. 1 that it will collect and present credit union input to the Basel Committee on Banking Supervision, which will make revisions to the Basel II Accord this year.

The NCUA Board has approved changes to the agency's regulations to allow eligible credit unions to use capital they might access from the Troubled Asset Relief Program.