Regulatory & Compliance

NCUA will hold three "town hall style" meetings in the fall to give credit unions a chance to have input into the new rules governing corporate credit unions that are currently on the agency's to do list.

NCUA Board Chairman Michael Fryzel has met with Debbie Matz, Chairwoman nominee of the agency board to discuss the agency's agenda and immediate future plans.

NCUA Chairwoman Designate Debbie Matz promised lawmakers today she would ensure the agency issues rules that provide "appropriate safeguards and sufficient opportunities for credit unions to thrive."

NCUA Chairwoman Nominee Debbie Matz told lawmakers today that she wouldn't object if credit unions are excluded from the purview of a proposed new agency to regulate consumer financial products.

The economy's continued weakness will persist through 2011, and high unemployment will keep causing consumer confidence to sag, Federal Reserve Chairman Ben Bernanke told the House Financial Services Committee today.

House Financial Services Committee Chairman Barney Frank today announced he would postpone marking up a measure to create a new consumer protection agency until September.