Regulatory & Compliance

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.

As time on the congressional calendar is slipping away before the Thanksgiving recess, another co-sponsor has been added to the Credit Union Regulatory Improvements Act (H.R. 1537).

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

Congress is giving a bit of recognition to the importance of financial literacy in the conference report on the Head Start for School Readiness Act (H.R. 1429), which re-authorizes the Head Start program.

The House Financial Services Committee reported out a bill that aims to prevent future mortgage-related abuses but has the potential to ensnare credit unions with additional regulatory burdens.

Regulatory and Compliance for 11/14/07 Issue