Regulatory & Compliance

The economic challenges facing the industry may be daunting but the Texas Credit Union League said its political action committee fundraising for 2009 hit record levels.

NCUA Chairman Debbie Matz said the legislation introduced by Sen. Mark Udall (D-Colo.) to raise the cap on member business loans is a "welcome demonstration of the growing congressional interest."

President Obama used CUNA's 75th anniversary to praise the work of credit unions.

Credit union employees and volunteers interested in learning more about the implications of Regulation Z on credit cards and mortgage products can sign up for NAFCU's Jan. 6 webcast on the subject.

After Michigan regulators closed Citizens State Bank of New Baltimore and named the FDIC receiver, the FDIC set up the Deposit Insurance National Bank of New Baltimore to serve depositors.

FoolProof, the financial literacy advocacy project sponsored by credit unions, has joined nine national consumer organizations in filing a complaint with the Federal Trade Commission against Facebook over privacy rules.