Regulatory & Compliance

CUs will need to watch the topic going forward.

CUA Board Chairman Debbie Matz has a right to her opinion about the Dodd-Frank Act. No matter how wrong. And as her July 27 Guest Opinion so clearly demonstrated, on the topic of the Dodd-Frank Act, Matz is really, really, really wrong.

CUNA and NAFCU both told the Federal Reserve that they support the Federal Reserves proposed definition of a qualified mortgage but want some changes to make certain parts of the rule less ambiguous.

The Federal Reserve Bank of New York is not convinced that a lack of credit access primarily contributed to the woes of small businesses since the 2007-2009 recession.

NCUA Chairman Debbie Matz reaffirmed her support for supplemental capital for credit unions at WOCCUs annual meeting. Credit unions need for capital reform can only heighten. But permitting the NCUA to define prompt corrective action buckets requires action by Congress.

ALEXANDRIA, Va. Before Robert Fenner joined the NCUA as a staff attorney immediately after graduating from George Washington University Law School in 1974, he didnt even know what a credit union was.