Regulatory & Compliance

ORLANDO, Fla.--Speaking here before attendees of the Independent Community Bankers of America yesterday, Federal Reserve Chairman Ben Bernanke urged lenders to offer more relief to troubled homeowners.

SALT LAKE CITY -- Relief is on the way for Utah credit unions in making business loans with a compromise bill hammered out between the Utah League of Credit Unions and the Utah Bankers Association ready for the signature of Gov. John Huntsman Jr.

WASHINGTON -- Senator Mary Landrieu (D-La.) received a bracing standing ovation from the attendees at CUNA's Governmental Affairs Conference today when she announced that she would introduce the Credit Union Regulatory Improvements Act in the Senate.

The Credit Union Regulatory Improvements Act (H.R. 1537) is at its highest level of co-sponsorship in its three-congressional session history and is finally getting a full committee hearing.

MADISON, Wis. -- In separate actions Tuesday, the Wisconsin Bankers Association insisted Tuesday a bill introduced last week to impose Community Reinvestment Act rules on credit unions has plenty of staying power this session while also moving to amend the measure eliminating CUs under $100 million.

BELLINGHAM, Wash. -- Managing old documents to meet compliance regulations has been automated at Whatcom Educational Credit Union (www.wecu.com).