Regulatory & Compliance

WASHINGTON -- Two credit unions closed last week, bringing the total number of federally insured credit unions to close this year to 13.

WASHINGTON -- Fannie Mae has canceled the increase in adverse market delivery charges scheduled to go into effect next month.

ALEXANDRIA, Va. -- The NCUA Board has approved an interim rule change which eliminates the concept of a "qualifying beneficiary" of a revocable trust account so coverage can be based on the naming of any beneficiary.

ALEXANDRIA, Va. -- The NCUA Board has approved an interim rule change which eliminates the concept of a "qualifying beneficiary" of a revocable trust account so coverage can be based on the naming of any beneficiary.

WASHINGTON -- Wasting no time after final congressional action, President Bush signed the bill passed by the House today aimed at providing relief to the nation's troubled financial system.

WASHINGTON -- Wasting no time after final congressional action, President Bush signed the bill passed by the House today aimed at providing relief to the nation's troubled financial system.

WASHINGTON -- NCUA Chairman Michael E. Fryzel said the House bill passed today on illiquid asset purchases and deposit insurance will strengthen his agency's ability to regulate during the current economic downturn.

FARMERS BRANCH, Texas -- As part of the industry's invigorated safety and soundness campaign, the Texas Credit Union League said Friday it is now offering its members a safety and soundness tool kit to assist in conveying the CU insurance message.