Regulatory & Compliance

The NCUA would "maintain its authorities with regard to credit unions," according to a draft of the Obama administration's regulatory restructuring plan that is scheduled to be released later today.

Credit cards, mortgages and other financial products would be under the jurisdiction of a new agency according to a proposal to be unveiled tomorrow by President Obama.

SEG-based credit unions in Oregon have been given expanded power to switch to a community and still keep their SEGS under a new law signed by Gov. Ted Kulongoski.

Credit unions would be placed at a competitive disadvantage and could lose money if Congress passes legislation designed to clamp down on interchange fees, CUNA and NAFCU wrote lawmakers.

In a political equivalent of Daniel entering the lion's den, President Obama today went before the American Medical Association to tout the virtues of his health care plan.

A letter from NAFCU to the chairman and ranking member of the Senate Judiciary Committee has argued that credit unions would be particularly hurt by a proposed cap on card interchange.