Regulatory & Compliance

Pennsylvania credit unions coming to the rescue of state employees whose pay is caught up in the state budget crisis began disbursing millions in loans today.

Southeast Corporate Federal Credit Union told members earlier this week it will not seek additional capital in the form of a paid-in capital issuance as other corporates have done or are planning to do.

ALEXANDRIA, Va. - The NCUA won't be spending more money during the second half of the year overall, but will be spending $200,000 more than planned on public outreach and almost $300,000 more on salaries and benefits, the NCUA Board decided today.

The Senate Banking Committee will hold a hearing next Wednesday at 3:00 p.m. on the confirmation of Deborah Matz as chairman of the NCUA.

The new regulatory agency on consumer products should not preempt the enforcement powers of the NCUA, CUNA President/CEO Dan Mica wrote House Financial Services Chairman Barney Frank today.

The NCUA is scheduled to vote on Thursday whether to keep 18% as the top interest rate that federal credit unions can charge on their loans and credit cards.