Regulatory & Compliance

The multiple-party, multiple-year case over credit card interchange moved one step closer to resolution on Nov. 9 when the Honorable Judge John Gleeson granted preliminary approval of the settlement agreement between retailers, payment networks and nine major card issuers.

Last week, credit unions federal tax exemption appeared to be in jeopardy. H.R. 6474 would have gradually repealed credit unions tax-exempt status over five years. Fortunately for credit unions, a spokesman for Rep. Dennis Ross, the bills sponsor, explained that the inclusion of this in the bill was accidental,...

The NCUA Board voted at its Nov. 15 meeting to increase its fiscal year 2013 budget by 6.1% from that of fiscal year 2012. But it voted to leave other numbers associated with the budget, the overhead transfer rate and operating fee for federal credit unions, largely unchanged.

Four out of the five states where the Federal Housing Finance Agency is considering an increase in mortgage guarantee fees do not have healthy housing markets.

Four out of the five states where the Federal Housing Finance Agency is considering an increase in mortgage guarantee fees do not have healthy housing markets.

Results show 3.5% to 4% increase over last year.