Regulatory & Compliance

The NCUA Board today approved a final rule regarding federal credit union member access to accounting books and records that retained much of the proposal but got a few tweaks to make it more balanced.

The mark up of the Consumer Overdraft Protection Fair Practices Act (H.R. 946) has been indefinitely delayed, according to CUNA.

After a mark up of the Consumer Overdraft Protection Fair Practices Act (H.R. 946) was put off from yesterday until today, amendments were negotiated to make the bill more palatable for credit unions.

Congressional support for the Credit Union Regulatory Improvements Act (H.R. 1537) continues to grow.

The Texas Credit Union League is finding a burgeoning market in the business of "renting out" compliance officers for on-site visits.

As it seeks to sell off faulty loans and find eventual buyers for the failed Norlarco Credit Union as well as an Ann Arbor, Mich.-CU in similar straits, NCUA moved quickly here last week to calm jittery members.