Regulatory & Compliance

The board of directors of Peoples First Choice Federal Credit Union (PFC FCU) voluntarily consented to conservatorship on June 12.

In a long-awaited appointment, Gov. Edward G. Rendell has named a Mellon banker, Steven Kaplan, as the state's new banking secretary.

Florida's Chief Financial Officer, Alex Sink spoke here at the Florida CU League's Government Affairs Luncheon during its 2007 Annual Convention & Exposition, soothing any CU concerns over a former banker overseeing the state's highest financial office. Introduced by Karen Thurman, a five-term congresswoman and now chairwoman of the Florida...

The Wisconsin Credit Union League is joining a handful of other leagues that have adopted resolutions addressing unsolicited merger attempts.

Co-authors of the Credit Union Regulatory Improvements Act--Congressmen Paul Kanjorski (D-Pa.) and Ed Royce (R-Calif.)--today announced the addition of Jane Harman (D-Calif.) as the 100th co-sponsor to the bill.

A landmark data breach bill protecting credit and debit card holders from identity theft and creating new requirements on breach notification was progressing through the California legislature last week winning an overwhelming 55-2 bipartisan vote in the state Assembly.