Regulatory & Compliance

The package of bills aimed at restructuring the way the government regulates financial services represents a big step in the right direction, two members of the House Financial Services Committee said today at a breakfast co-sponsored by CUNA.

Federal Reserve Chairman Ben S. Bernanke told lawmakers today that his agency's actions had helped avoid making the recession worse, though conceded that they could have done more.

Rep. Paul Kanjorski (D-Pa.) urged House Speaker Nancy Pelosi to include the provisions of his bill to lift the cap on member business lending from 12.25% to 25% in any job-creation bill that the House considers.

The NCUA spends too much money.

Congress is considering bills to ensure fair overdraft coverage, yet there are thousands of community banks and credit unions already offering fair, consumer-oriented overdraft protection programs.

Some lawmakers and their constituents are fed up with the Fed.