Regulatory & Compliance

Sen. John Ensign, whose political fortunes plummeted after he admitted to an extramarital affair with the wife of a staff member, announced today that he won’t seek a third term next year.

Gary Soukenik, president/CEO of Seven Seventeen Credit Union, added his voice Monday to the chorus of credit union CEOs eager to become enthusiastic advocates for the industry on the newly formed Community Depository Institutions Advisory Council of the Federal Reserve.

Gary Soukenik, president/CEO of Seven Seventeen Credit Union, added his voice Monday to the chorus of credit union CEOs eager to become enthusiastic advocates for the industry on the newly formed Community Depository Institutions Advisory Council of the Federal Reserve.

CUNA, NAFCU and several bank groups are asking a federal judge if they can file a friend-of-the-court brief on behalf of a bank that is challenging the constitutionality of the law, giving the Federal Reserve the power to regulate interchange.

CUNA, NAFCU and several bank groups are asking a federal judge if they can file a friend-of-the-court brief on behalf of a bank that is challenging the constitutionality of the law, giving the Federal Reserve the power to regulate interchange.

Credit unions should continue to throw themselves body and soul into fighting a looming cap on debit card interchange, but should do so without any significant expectation that they will succeed.