Regulatory & Compliance

Congress, state legislatures, the media, consumer groups and the general public continue to shine a spotlight on the strength of financial institution management. This same spotlight is shining on the strength of state and federal regulatory examination and supervision procedures. In the credit union system, growing compliance requirements and the...

Credit unions that engage in legitimate debt collection practices could still find their actions restricted by the Federal Communications Commission.

Although the financial crisis is over, credit unions still have an array of challenges to deal with to ensure that they survive and thrive in the complicated modern-day financial services marketplace.

The new Bureau of Consumer Financial Protection–which will be the driving force behind the writing and enforcement of a myriad of consumer regulations–isn’t scheduled to begin operating until July.

It’s not just about your assets. While the NCUA and state regulators certainly care about the raw numbers of credit unions, they are putting more emphasis on scrutinizing how credit unions are run. In other words, the "M" in CAMEL is getting the spotlight.

Congress wont undertake a massive overhaul of the regulatory system during the next two years, but there will no shortage of action on lower profile issues that impact credit unions.