Regulatory & Compliance

WASHINGTON -- CUNA and the North Carolina Credit Union League have stepped in to help Coastal Federal Credit Union argue before the Eastern District Court for North Carolina that members who have entered into bankruptcy should not be allowed to keep driving cars they owe the CU on if the...

WASHINGTON -- Lobbyists from both CUNA and NAFCU are hard at work to both keep an eye upon and promote credit union interests in what is turning out to be burgeoning conversation among legislators and the administration over what changes and increases there may need to be to financial regulations.

ST. LOUIS -- The banking industry's apparent legislative success in neighboring Kansas to thwart field of membership expansion is fresh evidence credit unions "must proactively develop relationships of trust with lawmakers," Roshara Holub, the chairman of the American Association of Credit Union Leagues said Friday.

TOPEKA, Kan. -- Apparently on a fast track and with banker-backing, the Kansas field of membership bill, which would impose limits on statewide branching, passed the state Senate 35-2 Wednesday.

FRANKFORT, Ky. -- A restrictive anti-credit union bill backed by the Kentucky Bankers Association placing burdensome rules and limits on CU branches is apparently dead for this session, the Kentucky Credit Union League said Thursday.

ALEXANDRIA, Va. -- NCUA Office of Examination and Insurance Deputy Director Larry Fazio has been selected to be Deputy Executive Director of the NCUA.