Regulatory & Compliance

For CUNA's political action committee, Rep. John Hall (D-N.Y.) is still the one.

Responding to complaints from the chief executives of CUNA and NAFCU, NCUA Chairman Debbie Matz said the agency's budget is "wholly appropriate," in light of the challenges that the industry faces.

Saying "this is my moment to step aside," while acknowledging that he is in "the toughest shape of my political career," Senate Banking Committee Chairman Christopher Dodd (D-Conn.) announced today he will retire from office at the end of the year.

WesCorp President/CEO Philip Perkins wrote in a letter to members obtained by Credit Union Times that the NCUA's proposed corporate regulations as currently written contain a "number of elements that would have a detrimental impact on credit unions."

Rep. Brad Sherman, a member of the House Financial Services Committee, urged his colleague who is writing the jobs creation bill to include in it an increase in the cap on member business lending.

Another Milwaukee credit union, the $34 million First Service, has fallen victim to last year's collapse of Central States Mortgage Corp., the CU-run CUSO that got into trouble over subprime paper.