Regulatory & Compliance

The NCUA's proposed corporate regulations, released Nov. 19, didn't contain many surprises, as board members and staff had already discussed many of the amendments with industry leaders and in public arenas beforehand.

With Congress in overdrive on issues related to credit unions, the trade associations and some individual credit unions are ramping up their giving to be sure that lawmakers know who their friends are.

It's about more than just ratios.

The full House now isn't scheduled to take up the bills aimed at restructuring the way financial institutions are regulated until the week after next.

Credit union executives and their advocates interested in commenting on the proposed rules on corporate credit unions can attend the NCUA's Town Hall meetings on the subject that will take place next year, the agency announced today.

Credit unions with mortgage loans that were fraudulently sold by a since failed mortgage firm face possible dire regulatory consequences if Fannie Mae does not return a significant amount of their lost money, suggested NCUA Board Chairman Debbie Matz.