Regulatory & Compliance

The FDIC Board followed up at its last board meeting on talk of helping banks provide a payday loan alternative with formal guidelines.

Oregon Governor Ted Kulongoski has signed a bill into law that would enhance the authorities of state chartered credit unions there.

CUNA's Examination & Supervision Subcommittee recently established a Bank Secrecy Act Task Force to create a central location for submitting and analyzing BSA compliance and cost concerns and work toward solutions.

State chartered credit unions in New York are very close to obtaining parity not only with the banks in the state regarding a "wild card" law, but also parity with their federal counterparts.

Credit unions have gained three more supporters in the legislature for the Credit Union Regulatory Improvements Act (H.R. 1537).

Calling credit union "hostile" takeovers "a serious and imminent threat," the Texas Credit Union League's board has vowed to do all it can to support the targeted credit union.