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Push on Single CU Regulator Gets Texas Airing

By Jim Rubenstein

The industry's campaign to retain a separate and independent regulator received some Texas exposure this week at a signing ceremony conducted by Gov. Rick Perry heralding the passage of a new state sunset law retaining a single CU regulator.

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Obama Reappoints Bernanke as Federal Reserve Chairman

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Matz Sworn in as NCUA Chair

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Regulatory & Compliance Stories

August 23, 2009

Airline Woes Prompts Wings Financial State Charter Vote

Wings Financial Federal Credit Union has asked its members to vote on converting to a state-chartered credit union because of concerns it has with a significant drop in employment in the air transportation industry.

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August 20, 2009

SEC, Commodities Regulator Identify Agency Overlaps

As some in the credit union industry continue to speak out against a consolidated financial services regulator, the SEC and the Commodity Futures Trading Commission are moving forward to identify agency overlaps.

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August 20, 2009

On-Site Coverage: Regulation Expert Outlines Registration Rules

BOSTON -- New rules for regulating mortgage originators will be less onerous for credit unions and other regulated depository institutions, bank regulation expert Mike Stevens said today.

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August 20, 2009

CU Regulator's Roundtable Included IASB and BASEL Authorities

Internationalization of financial system regulations is a trend that will include credit unions, said Dave Grace, World Council of Credit Unions vice president of association services.

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August 19, 2009

On-Site: Hyland Says MBL Increase Should Be Gradual

BOSTON -- Saying credit unions should crawl before they walk, NCUA Board Member Gigi Hyland said today that Congress ought to consider raising the cap on member business loans in stages for safety and soundness reasons.

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August 19, 2009

On-Site: Curry Reasserts Importance Of Strong Regulation

BOSTON -- The recent "unprecedented events of systemic proportions" have shown how important strong oversight of financial services is, FDIC Board Member Tom Curry told attendees at NASCUS' State System Summit.

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August 19, 2009

Washington League Lauds Fryzel

The Washington Credit Union League said it is giving outgoing NCUA Chairman Michael Fryzel "a thank-you-well-done" pat on the back just days before his successor, Deborah Matz is sworn in next Monday.

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