Regulatory & Compliance

WASHINGTON -- Congress should act deliberately and carefully and consider all options when revamping the regulatory system, including changing the NCUA's status, Rep. Paul Kanjorski (D-Pa.) said today.

A new group devoted to fair mortgage lending practices is launching an initiative that includes some major credit union players.

President Obama today promised to speed up spending of funds allocated by the stimulus bill to create as many as 600,000 new jobs by this summer.

A measure allowing bankruptcy judges to rewrite certain high-interest loans would be difficult for credit unions to comply with, CUNA President/CEO Dan Mica wrote members of the Senate Judiciary Committee.

Arizona credit unions remain "on the front lines" in the nation's economic slump but they have been active participants in CUNA's grassroots campaign to draw NCUA and Congressional attention to protecting CU survival, a leading CUNA executive said Friday.

Merchants would be allowed to negotiate interchange with card issuers under the provisions of a bill introduced yesterday by House Judiciary Committee Chairman John Conyers (D-Mich.) and Rep. Bill Shuster (R-Pa.).