Regulatory & Compliance

As President Obama met with bankers today to discuss how they can help small business recover, CUNA President/CEO Dan Mica continued to reiterate that credit unions are doing their part and could be doing much more.

The NCUA approved a charter for the East River Development Alliance Federal Credit Union in Queens, N.Y.

The House today killed an amendment that would have killed the proposed Consumer Financial Protection Agency.

Credit unions dodged a bullet on Capitol Hill today when the House defeated an amendment by House Judiciary Committee Chairman John Conyers (D-Mich.) that would have given bankruptcy judges the power to rewrite the terms of mortgages.

On a mostly party-line vote, the House today approved legislation that would dramatically revamp the way the government regulates financial services.

During the House debate on the bill that would revamp the way financial services are regulated, Democrats argued that the measure was necessary to prevent another economic meltdown.