Regulatory & Compliance

Among other things, Sen. Toomey believes regulatory agencies need to review all existing supervisory guidance.

Also, NAFCU and CUNA believe credit unions should be exempt from the data collection required under Dodd-Frank.

Kyle Hauptman is sworn in as the newest board member Monday as the NCUA board expects to vote on the budget this Friday.

A source tells CU Times, "Clearly Hood is trying to cram through rules before his chairmanship is over."

An anti-money-laundering provision in the package could create a FinCEN business entity ownership database.

The agency created the office and position in March after a scathing report by the Inspector General.