Regulatory & Compliance

WASHINGTON -- Meeting David Nason, assistant secretary for financial institutions at the U.S. Treasury Departments, has leaped higher on the agendas of both NAFCU and CUNA as part of their association's reactions to the department's recent blueprint for federal financial regulatory reform which would eliminate credit unions.

WASHINGTON -- Marking the upcoming National Small Business Week, which takes place April 21-25, the Small Business Administration has launched a new Web site for the week-long celebration and released the lineup of keynote speakers.

WASHINGTON -- In an effort to connect small business loan applicants and commercial lenders, the Small Business Administration is seeking ideas for the development of an online lending portal.

WASHINGTON -- In a recent comment letter on the latest round of amendments to the Federal Reserve's Regulation D, CUNA looked forward to a time when reserve requirements on transaction accounts would be zero.

WASHINGTON -- The Federal Reserve Board on April 1 announced its approval of the proposal by JPMorgan Chase & Co. to acquire Bear Stearns Bank & Trust.

ALEXANDRIA, Va. -- NCUA Chairman JoAnn Johnson has announced that information related to the government's economic stimulus payments has been made available on the MyMoney.gov Web site.

ROCKLIN, Calif. -- The backlash following the release of the controversial regulatory agency overhaul proposal from the Treasury Department last week came on several fronts within the credit union industry.

WASHINGTON -- Citing the severe damage to the industry and even its elimination, credit union leagues were quick last week to join in attacking the Treasury Department's consolidation plan as unworkable and anti-consumer. But one league CEO, John Annaloro of Washington State, found a silver lining.