Regulatory & Compliance

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

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.

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

For more than 25 years, credit unions have used multi-featured, open-end lending as their preferred method to make non-real estate, secured consumer loans. Approximately half of all credit unions use this lending approach, and about 60% of credit unions with assets of more than $100 million use multi-featured, open-end lending...

To protect credit union investment programs from the "whimsical interpretation by the various state securities regulators," a regulation is sorely needed that would put them on par with banks.

NCUA Chairman JoAnn Johnson and NASCUS Chairman Linda Jekel signed an agreement today reiterating the continued commitment of the federal and state regulators to work together to ensure the safety and soundness of all federally insured, state-chartered credit unions.