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Treasury Official Meeting with CUs

By David Morrison

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.

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SBA Launches National Small Business Site for a Week of Celebration

Ideas Sought for Development of SBA Online Lender Portal

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Regulatory & Compliance Stories

April 08, 2008

CUNA Looks Forward to End of Reserves on Transaction Accounts

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.

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April 08, 2008

Fed Approves JPMorgan Chase, Bear Stearns Acquisition

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

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April 08, 2008

Johnson Uses Web Site to Deliver Information on Stimulus Payments

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.

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April 08, 2008

Investment and Insurance Regulatory Murkiness Sure Bet if Plan Advances

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.

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April 08, 2008

Leagues Gang Up to Blast Treasury Plan, But Annaloro Spies Silver Lining

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.

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April 08, 2008

End of CU Charters? - Treasury's Regulatory Restructuring Proposal Draws Poor Marks From CUs

WASHINGTON -- Taking advantage of the current crises in the U.S. mortgage and credit markets, the U.S. Department of the Treasury last week unveiled the most sweeping package of changes to U.S. financial institution and market regulation in almost 80 years.

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April 08, 2008

California Data Security Bill Advancing During Annual Lobby Event

SACRAMENTO, Calif. -- Credit unions participating in their league's California Government Relations Rally have a very timely issue to discuss with their legislators today.

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