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Idaho CUL President/CEO Named to Consumer Advisory Council

By Myriam DiGiovanni

The Federal Reserve Board named 10 new members to its Consumer Advisory Council for three-year terms and designated a new chair and vice chair of the CAC for 2008.

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After Missouri Law Change, Gateway Metro Converts To FCU

Former FCU Chair Named New NCUA CFO

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Regulatory & Compliance Stories

January 15, 2008

IRS Asking For Comment On Refund Anticipation Loan Crackdown

The IRS has published a request for public comment about a potential regulation that could restrict the marketing of so-called Refund Anticipation Loans. Tax preparers offer Refund Anticipation Loans (RALs) to allow taxpayers to cash in on a tax refund without having to wait for a refund check from the...

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January 15, 2008

Utah League Eyes Ballot Referendum on CU Restrictions

SALT LAKE CITY -- Stymied for years by restrictive state law, the Utah League of Credit Unions is now looking at a ballot initiative perhaps this fall to provide relief on business loans and expansion, according to Scott Simpson, president/CEO.

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January 15, 2008

Third-Party Vendor Relationships Top Upcoming NCUA Webinar

ALEXANDRIA, Va.- NCUA Board Member Gigi Hyland will host a web based information event for credit unions which will highlight the agency's recent attention to the relationships between credit unions and their third-party venders, among other regulatory priorities the agency announced today.

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January 14, 2008

Simpson Tops Lobbyists' Expense in Utah

SALT LAKE CITY -- The president/CEO of the Utah League of Credit Union, Scott Simpson, apparently leads the pack in spending the most on lobbying state lawmakers during 2007, according to state records highlighted last week by the Salt Lake Tribune.

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January 14, 2008

Small Businesses Nominate 80 Current Regs in Need of Reform

WASHINGTON -- Small business owners and others including NAFCU have nominated more than 80 existing regulations for review and reform in response to the Small Business Administration Office of Advocacy's Regulatory Review and Reform (r3) initiative.

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January 14, 2008

Coalition Files For Another Court Attempt

RICHMOND, Va. -- The Coalition for Credit Union Charter Options, the banker led group which advocates in favor of credit unions changing to mutual banks, has filed an appeal of the case it lost in the Federal District Court.

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January 14, 2008

Coalition Files For Another Court Attempt

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