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NCUA Fires Another Round in WesCorp Suit

By Robert McGarvey

The NCUA's recently filed amended complaint in its court battle with Siravo, et al., runs for 63 pages, but four words in bold on the front page sum up the document: Demand for Jury Trial.

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Sens. Bennet and Hagan Urge Bernanke to Consider Small Issuers on Interchange Rule

News

As Fed Panelists, Two CEOs Detail Goals

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Regulatory & Compliance Stories

February 23, 2011

Cheney and Buckley to Testify on Impact of Financial Overhaul Bill

CUNA President Bill Cheney and Gerber FCU President/CEO John Buckley are scheduled to discuss the impact of the financial overhaul bill on small financial institutions at a House Financial Services subcommittee hearing next Wednesday.

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February 22, 2011

NCUA Reiterates Guidance Is Just Guidance for Brokerages

The NCUA recently reiterated that guidance on best practices involving third-party brokerage arrangements is just that and does not carry the force of formal regulation.

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February 22, 2011

SBA Revisits Inventory Financing

Credit unions and other lenders looking to increase access to inventory financing for auto, boat, RV and other dealerships will be able to do so again through the relaunch of an SBA pilot loan program.

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February 22, 2011

Budget Cut, SBA Will Press On

Even with a 45% cut in its 2012 fiscal year budget proposal, the SBA said it will still be able to support small businesses.

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February 22, 2011

CUNA Slams Fed Debit Interchange Proposal

CUNA says the Fed's proposed interchange rule would have adverse effects for credit unions and that it should work with Congress to delay implementation by two years to further study the issue.

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February 22, 2011

CUNA Lays Out Concerns About Fed's Proposed Interchange Rule

CUNA says the Fed's proposed interchange rule would have adverse effects for credit unions and that it should work with Congress to delay implementation by two years to further study the issue.

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February 22, 2011

Are GSEs Dead Enterprises Walking?

Fannie Mae and Freddie Mac should eventually be abolished and the government should cut back its role in the housing market while financial institutions should hold more capital.

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