Regulatory & Compliance

The House could vote as early as tomorrow on a bill that includes a temporary stabilization fund for corporate credit unions.

The management team of the now-defunct Norlarco Credit Union inadequately managed its residential lending program, while NCUA and Colorado regulators didn't monitor the credit union closely enough or pay attention to safety and soundness concerns.

The IRS erroneously levied the unrelated business income tax on three financial products sold by the Community First Credit Union, a federal jury in Green Bay, Wis. ruled yesterday.

The Senate today may consider a credit union-opposed measure that would give retailers more flexibility in dealing with credit card issuers.

Lenders and homeowners will have additional resources to avoid home foreclosures and modify mortgages as a result of initiatives announced today by Treasury Secretary Timothy Geithner and Housing Secretary Shaun Donovan.

Despite vigorous lobbying by credit unions, prospects were dim Thursday the Texas legislature would pass a landmark bill plugging data card breaches.