Regulatory & Compliance

Saying that it hopes to help several million more families save money while helping the economy, the Obama administration on Oct. 24 unveiled a multifaceted plan to encourage the refinancing of mortgages.

The NCUSIFs equity ratio remained at 1.31% for the third consecutive month in September, according to a report to the NCUA board by the agencys chief financial officer Mary Ann Woodson at its Oct. 27 meeting.

For Starbucks Chairman/ CEO Howard Schultz, waiting for Washington to come up with tangible plans to generate more jobs is not a likely course of action these days.

The NCUA will likely have much to consider as it reads through more than 280 comment letters that came in on the agencys proposal to amend the CUSO rule.

Credit unions by and large have been seen as the good guys in the ongoing housing finance crisis. In general, more conservative underwriting prevented most credit unions from making the mortgage loans that were most likely to wind up delinquent.

The NCUA is a low-profile agency, but that may not prevent the nomination of Carla M. Decker from getting caught up in pre-election political wrangling.