Regulatory & Compliance

Vermont Governor Jim Douglas has appointed Paulette Thabault commissioner of the Vermont Department of Banking, Insurance, Securities and Health Care Administration.

NCUA recently said that federally-chartered credit unions are allowed to invest in impermissible investments to fund an actual or potential employee benefit plan obligation within limits.

NCUA and the Financial Crimes Enforcement Network recently announced a joint Bank Secrecy Act Webinar to help credit unions understand their BSA obligations. The Feb. 6 Webinar, entitled BSA: A Year in Review and Setting the Table for 2007, will cover a wide range of areas regarding BSA compliance, including:...

NCUA recently issued Letter to Federal Credit Unions 07-FCU-01, which gave federal credit unions a heads up on the operating fee schedule.

Federal Reserve Bank of Boston President/CEO Cathy E. Minehan announced earlier this month that she would retire from the Bank in 2007.

NCUA Vice Chairman Rodney Hood announced the final agenda last week for his Jan. 11 Risk Mitigation Summit, including federal government and private industry representatives discussing the issues and latest trends.