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California Credit Union Modernization Bill Signed into Law

By Sarah Snell Cooke

A bill to modernize eight sections of the California code regarding credit unions was signed into law July 27.

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ACB Writes Serrano in Opposition to CU Underserved Bill

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New York CUs Make Inroads with New Assembly Members

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Regulatory & Compliance Stories

July 24, 2007

Cunningham Testifies on Behalf of CUNA on Overdraft Protection; Says Credit Unions Do it Better than Banks

USA Federal Credit Union President/CEO Mary Cunningham testified July 11 before the House Subcommittee on Financial Institutions and Consumer Credit on credit unions' legitimate offerings of overdraft protection programs.

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July 24, 2007

Regulatory Wish List: Credit Union Leaders Speak Out on Regulatory Changes That Would Positively Impact Industry

The Credit Union Regulatory Improvements Act is wending its way through Congress. Whether or not it becomes law is still to be determined.

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July 24, 2007

Four More Lawmakers Support CURIA

Three Republicans and one Democrat have signed on to show their support for the Credit Union Regulatory Improvements Act (H.R. 1537).

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July 24, 2007

Missouri Governor Signs FOM Law

Governor Matt Blunt has signed into law the much-fought Field of Membership bill climaxing years of bank/credit union clashing.

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July 24, 2007

NCUA Hosts Fourth MSAP Outreach Task Force Meeting

The NCUA hosted just over 100 executives from credit unions, credit union leagues and other organizations at the fourth Outreach Task Force Meeting.

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July 24, 2007

Republicans Introduce Subprime Legislation

House Financial Services Committee Ranking Member Spencer Bachus (R-Ala.) and other leading Republicans on the committee introduced a bill aimed to curb unscrupulous lending practices.

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July 24, 2007

Elevations Wins Long-Sought State OK On FOM Expansion

The $720 million Elevations Credit Union has cleared a huge regulatory and field of membership hurdle in expanding into two Colorado counties.

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