Regulatory & Compliance

WASHINGTON -- CUNA worked with the Pennsylvania Credit Union Association to put together a brochure that the state group financed and sent out over the weekend on behalf of embattled U.S. Rep. Paul Kanjorski (D-Pa.), a strong credit union supporter.

WASHINGTON -- You are a 24-year congressional veteran who is facing the fight of your political life in a Democratic district in a Democratic year. It's the day before the election and you need a last-minute push.

WASHINGTON -- Federal credit unions will find out exactly what NCUA examiners are looking for in an identity-theft prevention plan when the agency sends out a checklist early next week.

ATLANTA -- The failure of two community banks here within three months is providing an extra nudge to a safety and soundness campaign to be launched by Georgia Credit Union Affiliates.

ALEXANDRIA, Va. -- The NCUA Board today held a special executive session to discuss a "supervisory" issue but declined to reveal the results.

ALEXANDRIA, Va. -- Representatives of the three largest credit union trade associations expressed concern at an NCUA hearing today that the agency's proposed 15% budget increase could raise the costs for credit unions in a difficult economic climate.

ALEXANDRIA, Va. -- Citing the perilous economic climate and the need for greater scrutiny of credit unions, the NCUA said today it is likely to ask for $182.9 million for the next budget, a $24.3 million increase over this year's level.

WASHINGTON -- Corporate credit unions are crossing their fingers that testimony at two Securities and Exchange Commission roundtables today will influence the SEC to consider updating fair-value accounting rules.