Regulatory & Compliance

Credit unions could get a reprieve from the requirement that they book their loans at their current value on their balance sheets, as a result of decision made today by the Financial Accounting Standards Board.

WASHINGTON - Senate Minority Leader Mitch McConnell threw cold water on the likelihood that the Senate might revisit the interchange amendment that was passed as part of last year's financial overhaul bill.

Thomas Candon, NASCUS chairman and deputy commissioner of the Department of Banking, Insurance, Securities & Health Care Administration in Vermont, discussed what his department is seeing at CUs and the internal struggles regulators are facing.

According to the Board of Governors of the Federal Reserve, about 26 credit unions have written individual comments to its proposed cap on debit card interchange.

Restricting credit unions to one corporate credit union and requiring boards to disclose more information about their votes aren't issues that the NCUA should regulate with regards to state-chartered credit unions.

For the sixth year in a row, the Texas Credit Union League has made it to the top 20 lobby groups in the state on a "Power List" ranking of 1,200 eligible trade groups.