Regulatory & Compliance

The Office of Thrift Supervision, under the direction of then James Gilleran, caused quite a stir a couple years back when it broke from the other regulators in reforming Community Reinvestment Act regulations. The OTS, under Director John Reich, who served at the FDIC at the time, is now ready...

The Federal Reserve Board has announced that its Consumer Advisory Council will hold its next meeting Oct. 26.

CUNA has made two nominations of credit union executives to the Federal Reserve's Thrift Institutions Advisory Council.

NCUA's legal team has stated that guardian accounts, as set up under Georgia law, receive $100,000 deposit insurance coverage.

The Securities and Exchange Commission said it is motivated by the recent passage of the Financial Services Regulatory Relief Act of 2006 and plans to wrap up its proposed new rules to implement the bank broker provisions of the Gramm-Leach-Bliley Act by Dec. 31.

NCUA announced last week that it had approved a charter for Reid Temple AME Church Federal Credit Union in Glenn Dale, Md.