Regulatory & Compliance

NEW YORK -- The National Federation of Community Development Credit Unions is hearing an unprecedented level of complaint and concern from its members about the most recent round of grants from the U.S. Treasury Department's Community Development Financial Institutions Fund.

NEW YORK -- Community development credit unions appear to face little direct impact from the bankruptcy and the buy out of two of the nation's largest investment banks, but may find money for grants harder to get, according to a CDCU leader.

WASHINGTON -- Credit unions report very little impact from the recent government takeover of Fannie Mae and Freddie Mac. But Navy Federal Credit Union's Jack Gaffney, executive vice president of lending, said that, in the long term, the takeover is not good for the financial services industry.

FARMERS BRANCH, Texas -- The Texas Credit Union League debuted Thursday what it calls a broad-based compliance package for directors, middle managers and others on the Bank Secrecy Act.

WASHINGTON -- Credit unions are doing more to educate their employees and members about share insurance, according to data compiled by NAFCU in its monthly Flash Report released today.

WASHINGTON -- Credit unions are doing more to educate their employees and members about share insurance, according to data compiled by NAFCU in its monthly Flash Report released today.

WASHINGTON -- Data on 21.4 million mortgage applications and originations and 4.8 million purchases in 2007 from 8,610 financial institutions is now available, a government council made up of financial services regulators announced today.

WASHINGTON -- Attendees at next week's NAFCU Congressional Caucus are scheduled to hear from all three NCUA Board members, key subcommittee chairs and representatives of both major party presidential candidates.