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NCUA Liquidates OTB FCU

By Claude R. Marx

The NCUA liquidated the New York City-based OTB Federal Credit Union on Wednesday, the agency announced.

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CEOs on New Fed Panels Vow To Raise Interchange

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Sen. Brown Criticizes Proposed Rule for Voluntary Assessments on Privately Insured CUs

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Regulatory & Compliance Stories

February 22, 2011

Incentive Pay Rule Advances

ALEXANDRIA, Va. -- Large credit unions would have to file an annual report on incentive-based compensation programs and couldn't have any such programs that encourage exposure to inappropriate risks

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February 22, 2011

FINRA Weeds Through Brokerage Case With CU Ties

The Financial Industry Regulatory Authority may have a hard time deciding whether a defunct credit union-owned brokerage firm

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February 22, 2011

Community Development Financial Institutions Fund Faces FY 2011 Funding Ax

The gap between politicians that support funding the U.S. Treasury's Community Development Financial Institutions Fund and those who don't may have become the widest ever last week

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February 22, 2011

Regulatory Compliance in Uncharted Territory

Enough already! Never have truer words been spoken in relation to regulatory compliance.

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February 21, 2011

NAFCU Outlines Objections to Fed's Proposed Interchange Rule

NAFCU is "deeply concerned," about the Federal Reserve's proposal to regulate interchange fees and contends that the "supposed small issuer exemption is illusory" and won't protect small issuers.

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February 20, 2011

Beyond Financial Literacy: The Board's Role in Managing Risk

During a recent Credit Union Leadership Forum web seminar, we discussed the practical and real-world implications of the new NCUA regulations regarding board of director responsibilities.

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February 17, 2011