Regulatory & Compliance

On a unanimous vote, the NCUA Board today withdrew rules issued by the agency and other financial services regulators last year aimed at regulating what they constitute as "Unfair or Deceptive Acts or Practices."

ALEXANDRIA, Va. -- Almost 20% of insured shares were in credit unions with a rating of CAMEL 3 or higher last year and the NCUSIF's equity ratio fell to 1.24% last month, NCUA Chief Financial Officer Mary Ann Woodson told the NCUA Board today.

Federal Reserve Chairman Ben S. Bernanke came one step closer to a second term this afternoon when the Senate voted 77-23 to end the debate on his confirmation.

After considerable arm twisting by the White House, the Senate today confirmed Federal Reserve Chairman Ben S. Bernanke for a second term as head of the nation's central bank.

Rallying to defeat "anti-credit union" bills allowing banks to purchase CUs, the Virginia Credit Union League said today it expects a crowd of 350 to show up in Richmond to meet with lawmakers.

When it came to raising or lifting the cap on member business loans for credit unions, President Obama said nothing in last night's State of the Union speech.