Regulatory & Compliance

MANCHESTER, N.H. -- Some of the industry's top brass led by Dan Mica, president/CEO of CUNA, and Fred Becker, president/CEO of NAFCU, will be on hand here Thursday at America's Credit Union Museum for a private reception and premiere showing of a video marking kickoff activities for next year's 100th...

WASHINGTON -- Raising the cap on member business loans and implementing a system of risk-based capital would help credit unions do more to aid small businesses, CUNA President Dan Mica told lawmakers today.

WASHINGTON -- House Financial Services Committee Chairman Barney Frank (D-Mass.) and Housing and Community Opportunity Subcommittee Chairwoman Maxine Waters (D-Calif.) have asked President Bush to appoint FDIC Chairwoman Sheila Bair to supervise a government-wide effort to reduce foreclosures.

WASHINGTON -- Credit unions bear "absolutely no responsibility [for the current problems in the housing market] and are entitled to be recognized for that'' House Financial Services Committee Chairman Barney Frank said today.

WASHINGTON -- On a day when lawmakers are looking at problems caused by other sectors of the financial services industry, NAFCU is reminding them of the benefits of regulatory relief for credit unions.

WASHINGTON --NCUA Chairman Michael E. Fryzel reminded credit unions that the agency's central liquidity facility is available to back up and lend money to credit unions during difficult times.

WASHINGTON -- A bill to further jump start the economy would be "appropriate" but should include provisions to increases the flow of credit and not increase the deficit too much, Federal Reserve Chairman Ben Bernanke told lawmakers today.

WASHINGTON -- A bill to further jump start the economy would be "appropriate" but should include provisions to increases the flow of credit and not increase the deficit too much, Federal Reserve Chairman Ben Bernanke told lawmakers today.