Regulatory & Compliance

SAN FRANCISCO -- The Financial Accounting Standards Board's Jan. 7 decision to make adjustments to fair value accounting rules won't affect credit unions much, but it's an important step in the right direction,

I'm taking Sarah Cooke's advice (CU Times, Oct. 8, 2008), and I think you should as well. ["If credit unions truly don't see a value in two [trade] groups, we'll certainly find out as the credit unions vote with their feet."]

WASHINGTON -- As Congress was working to release the additional $350 billion in Troubled Asset Relief Program funds, credit unions and their allies were trying to get ensure they get a piece of the pie.

WASHINGTON - Following a hearing in which Treasury Secretary Timothy Geithner said his failure to pay his taxes on time was "careless'' and "avoidable,'' the Senate Finance Committee today scheduled a vote on his confirmation tomorrow.

It's depressing to write week after week and put out a magazine week after week about the current state of the nation's financial crisis.

ATLANTA -- The NCUA has chartered a new community development credit union.

"I have no intention of being a member of the potted plant caucus.''

WASHINGTON -- If House Financial Services Committee Chairman Barney Frank (D-Mass.) is his chamber's answer to Santa Claus, then credit unions can expect a lot of coal and just a few goodies this year.