Regulatory & Compliance

LATHAM, N.Y. - U.S. Representative Thomas H. Reynolds (R-Buffalo/Niagara/Rochester area) is the newest member of New York's congressional delegation to add their name to the Credit Union Regulatory Improvements Act's (H.R. 1537) list of supporters, bringing the total number of New York's co-sponsors to 15 and the national number to...

WASHINGTON -- NCUA Executive Director Leonard Skiles told a Dec. 12 hearing of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit that the agency supports the notion of allowing consumers to use only one phone number to reach the financial institutions but wants to make sure that...

After years of waiting, credit unions and others are now able to review and comment on proposed regulations and guidelines regarding credit report accuracy and consumer dispute processes.

Members of CUNA's Bank Secrecy Act Task Force came to the Washington, D.C. area during the first week of December to meet with the NCUA Board members and with James H. Freis, Jr., the director of the Financial Crimes Enforcement Network and staff for Congressman Barney Frank (D-Mass.), chairman of...

Federal Reserve Chairman Ben Bernanke has given strong hints recently that he's in favor of another interest rate cut to bolster the sagging economy.

NCUA didn't waste any time in trying to sell off the bad loans made by Huron River Area Credit Union, of Ann Arbor, Mich., the assets of which were assumed by Detroit Edison Credit Union in a purchase and assumption last week.

The Credit Union Association of Oregon has announced that it will launch the Oregon Compliance InfoSight, a comprehensive online compliance information system, in January 2008.

Michael Pappas has been appointed new regional administrator for the Small Business Administration's Region II which includes New York State, New Jersey, Puerto Rico and the U.S. Virgin Islands.