Regulatory & Compliance

The Federal Reserve yesterday decided to let the new consumer financial agency issue final rules on three aspects of mortgage disclosure law under the Truth in Lending Act.

In Pennsylvania, the chasm between credit unions and small community banks looks to be getting smaller-at least where it comes to operations and training.

The article "Blaine Takes on NCUA" [CU Times, Jan. 12, page 1] was a great diversion from the never-ending snowstorms of late.

The head of a Grand Rapids, Mich. CUSO leading a petition drive sharply critical of NCUA policies and hoping to marshal industry action to bring about major changes, acknowledged Wednesday his campaign may be stalling.

When the NCUA issues guidance to credit unions on the new rule mandating financial literacy for board members, it should apply the rule narrowly and be "flexible in the rules application and enforcement," NAFCU President Fred Becker wrote in a letter.

Former CUNA President/CEO Dan Mica is going solo.