Regulatory & Compliance

WASHINGTON - Hawaii not only produced the country's next president, but also helped NAFCU reach a milestone on its Compliance Blog.

SAN BERNARDINO, Calif. -- As his own credit union is at last seeing small signs of recovery, the president/CEO of the $1 billion Arrowhead CU vowed Friday to continue being "a vocal advocate" before Congress to channel TARP funds into needy CUs.

WASHINGTON -- J.P. Morgan Chase and Citigroup both said today that they won't initiate any foreclosure proceedings in the near future, while the Obama administration comes up with a foreclosure-relief program.

WASHINGTON - Healthcare aid to states, additional funds for unemployment insurance and tax cuts are among the provisions of the $825 billion stimulus bill introduced today by House Democrats.

ALEXANDRIA, Va. - The NCUA Board plans to vote whether to finalize rules about how credit unions must display signs indicating they have insurance coverage at its meeting next Thursday.

WASHINGTON - Credit unions should see Remote Deposit Capture services as new delivery systems and thus be extraordinarily careful when assessing the legal, compliance, reputation and operational risks.