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Calif. League Opposes 'Well-Intentioned' Mortgage Legislation

By Heather Anderson

California's real estate problems have resulted in a flood of mortgage-related bills that are well- intentioned but ultimately bad for credit unions, said Bob Arnould, California Credit Union League senior vice president of governmental affairs.

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NAFCU Launches Grassroots Program on Interchange Fees

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FASB Approves Changes in Mark-to-Market

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Regulatory & Compliance Stories

April 01, 2009

Central States Receiver Hearing Put Off

Following some legal jousting over governance issues, a Milwaukee judge put off until next Tuesday naming of a receiver of Central States Mortgage Co.

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March 31, 2009

Frank Reiterates End of 'Light Touch' Regulation

House Financial Services Committee Chairman Barney Frank cited comments from Britain's top regulator to back up his own belief in the need for stronger regulation of financial services.

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March 31, 2009

NCUA Giving CUs Accounting Leeway on Impairment Costs

The NCUA plans to announce that it won't "take exception" if a credit unions gets a written opinion from its accountant allowing it to delay the recording of expenses for additional premiums.

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March 31, 2009

Justice Department to Request Dropping of Case Against Ex Sen. Stevens

Citing misconduct by prosecutors in its own department, the U.S. Department of Justice today announced it was asking a federal judge to drop corruption charges against former Sen. Ted Stevens, R-Alaska.

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March 30, 2009

On-Site Coverage: Senate Panel Oks Borrowing Hike for NCUA

WASHINGTON -- The Senate Banking Committee approved an amendment giving the NCUA the authority to borrow $6 billion from the Treasury Department.

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March 30, 2009

WOCCU: London G20 Could Affect U.S. Credit Unions

Thursday's G-20 meeting could have implications for U.S. credit unions, said Dave Grace, World Council of Credit Union vice president of association services.

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March 29, 2009

CUNA Won't File Legal Challenge on Corporate Conservatorships

CUNA General Counsel Eric Richard said today the association won't file a suit challenging NCUA's decision to place U.S. Central Federal Corporate Credit Union and Western Federal Corporate Credit Union into conservatorship.

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