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CU Hill Champion Weighs in On Treasury Plan

By David Morrison

WASHINGTON -- One of the credit union industry's champions on Capitol Hill has weighed with apprehension on the parts of the U.S. Treasury Department's related to credit unions and with guarded approval of the other parts.

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Treasury Would Take Away 'Hedge Against Unchecked Greed'

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NASCUS Objects to Treasury Proposal

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Regulatory & Compliance Stories

March 31, 2008

Kansas FOM Bill Leaves Opening for 'Banker Mischief,' Says Cuevas

BIRMINGHAM, Ala. -- The restrictive Kansas field of membership bill--likely to become law within days--presents an array of prickly problems for regulators and their credit unions but any national spillover from new population thresholds contained in the legislation remains uncertain, a partner for Dollar Associates said Monday.

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March 31, 2008

NAFCU Sanguine About Administration Proposed Changes

WASHINGTON -- NAFCU is watchful but, in general, fairly calm about the Bush Administration's proposal to substantially restructure the federal financial regulatory system.

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March 31, 2008

Treasury's Revamp of Regulatory Field Likely to be Postponed

WASHINGTON -- Treasury Secretary Henry Paulson announced this morning the department's blueprint for financial regulatory reform, which ostensibly would eliminate the NCUA, bringing credit unions under banking regulatory oversight. The Office of Thrift Supervision may also be eliminated, should the blueprint be adopted.

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March 31, 2008

State Leagues Join in Attacking Bush Overhaul

HARRISBURG, Pa. -- In line with CUNA, state credit union leagues Monday were quick to join in attacking the Bush Administration's proposed regulatory overhaul effectively eliminating NCUA and placing CUs under a single bank regulator.

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March 31, 2008

CUNA Comes Out Early to Attack Regulatory Plan

WASHINGTON - CUNA reacted with a rare Sunday statement which angrily attacked a Bush Administration proposal for reforming the Federal financial regulatory structure that would reportedly eliminate NCUA.

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March 28, 2008

Kansas House Passes FOM Bill, 115-8

TOPEKA, Kan. -- As expected, the Kansas House Friday passed, 115-8, without amendments the restrictive field of membership/merger bill covering future expansion of state chartered credit unions.

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March 28, 2008

Tornado-Hit Kansas Town Seen as FOM Victim

WICHITA, Kan. -- The expected passage of the bank-sponsored field of membership bill, now before the Kansas House, has economic ramifications for a tornado-ravaged Kansas town, opponents of the legislation pointed out Friday.

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