Regulatory & Compliance

NCUA Vice Chairman Rodney Hood may not be an Olympic athlete, but today he became a gold medalist.

WASHINGTON -- In a 23-minute hearing that was part love fest and part survey of the challenges facing the credit union movement, Deborah Matz, NCUA chair-nominee, promised lawmakers she'd take a balanced approach to regulating credit unions.

The ugliest credit union Web site has been found. iDiz Inc. announced the winner of its free credit union Web site makeover contest, iHateMyUglySite.com.

Ten days after the government took over U.S. Central, the corporate's political action committee sent checks to the campaigns of Senate Banking Committee Chairman Christopher Dodd (D-Conn.) and Sen. Sheldon Whitehouse (D-R.I.).

Due to the absence of a quorum, the Senate Banking Committee today did not vote on the nomination of Deborah Matz as chairman of the NCUA.

The proposed agency to regulate consumer financial products will result in a duplication of efforts because financial institutions would be examined by the agency and their existing regulator, Federal Reserve Chairman Ben S. Bernanke said.