Regulatory & Compliance

The Securities and Exchange Commission has proposed that mutual funds and other companies seeking exemptions under the Investment Company Act of 1940 submit their applications electronically so investors can access them sooner and the commission can consider them more quickly.

NCUA Chairman JoAnn Johnson announced today that Jeremy Carl has been appointed associate director of external affairs.

Efforts to alleviate the troubled mortgage market and head off future problems with the subprime market are keeping the congressional schedule full these days.

The House last night passed the Mortgage Reform and Anti-Predatory Lending Act of 2007 (H.R. 3915) with some amendments but not a key one for credit unions.

The House last night passed the Mortgage Reform and Anti-Predatory Lending Act of 2007 (H.R. 3915) with some amendments but not a key one for credit unions.

During today's NCUA Board meeting, the agency approved a higher than anticipated budget increase following a new bargaining agreement with the National Treasury Employees Union.