Regulatory & Compliance

Because of the record-setting snowfall, House Majority Leader Steny Hoyer (D-Md.) announced today that there will be no votes in that chamber for the remainder of the week.

On a 15-0 vote of the Virginia Senate Commerce and Labor Committee, the now recast bankers' bill enabling state chartered credit unions to convert to mutual status cleared another hurdle this week as it appears headed for passage.

Bill Bynum says the Obama Administration's recent decision to use some funds from the Troubled Asset Relief Program to help community development financial institutions was the result of long consultations with the CDFI industry.

Credit union employees and volunteers who want to know more about some of the biggest compliance issues can register for CUNA's audio conference on compliance issues, scheduled for this Thursday.

Senate Banking Committee Chairman Christopher Dodd (D-Conn.) admitted last Friday that he and the Republicans are "at an impasse," on legislation to revamp how financial services firms are regulated, but vowed to move forward in drafting a bill.

Financial regulators including the NCUA released a statement today reassuring their regulated institutions that prudently made small business loans would not face "regulatory criticism."