Regulatory & Compliance

WASHINGTON -- Credit unions should not question the safety of bank deposits in an effort to gain more members, NCUA Chairman Michael E. Fryzel wrote in a letter to the leaders of federal credit unions.

SACRAMENTO, Calif. -- Once again, California Governor Arnold Schwarzenegger has vetoed a card data security bill which the state legislature passed overwhelmingly.

WASHINGTON -- All eyes will be on the U.S. House when it votes today on an economic package that includes raising the amount of credit union deposits that are federally insured and creates a fund that buys illiquid assets from credit unions and other financial institutions.

WASHINGTON -- All eyes will be on the U.S. House when it votes today on an economic package that includes raising the amount of credit union deposits that are federally insured and creates a fund that buys illiquid assets from credit unions and other financial institutions.

WASHINGTON -- President Bush emphasized that the amount of credit union deposits covered by federal share insurance would temporarily increase under the bill working its way through Congress.

ALEXANDRIA, Va. -- The NCUA has granted a federal charter to Oak Cliff Christian Federal Credit Union, Dallas, the agency announced today.

WASHINGTON -- Deposits in credit unions would be temporarily insured up to $250,000 and credit unions, banks and thrifts would be able to sell their illiquid assets to the government under the bill passed by the Senate last night by a vote of 74-25.

WASHINGTON -- A federal appellate court has struck down class certification in a case brought by a Wisconsin couple who claimed that they didn't understand the terms of the option ARM loan they obtained from Chevy Chase Bank.