Regulatory & Compliance

Representatives from NCUA's Office of Public and Congressional Affairs took questions and provided materials during National Consumer Protection Week Feb. 4-10 to members of Congress and their staffs.

Federal Reserve Board Governor Susan Schmidt Bies recently announced her departure from the Fed as of March 30, 2007.

Regulatory relief did a handful of good things for credit unions and NCUA, but it has also provided state regulators with more say at the federal level than before.

NASCUS recently announced that 12 state regulatory agencies received re-accreditation from NASCUS last year.

Small credit unions need a break from the heavy regulatory burden and the time may be ripe for "reg-lite" policies, Linda Jekel, the chairman of the National Association of Credit Union Supervisors, told Washington State executives last week.

The instances when a federal credit union can issue member business loans to CEOs, assistant chief executive officers, chief financial officers, and any "immediate family members" of these officials was recently clarified by NCUA.