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WASHINGTON-In an eleventh hour maneuver, the Department of Justice sent a letter to the House Judiciary Committee expressing its strong disapproval for the credit union exemption from the Hart-Scott-Rodino pre-merger filing requirements as included in the regulatory relief bill. On the evening of July 10, the House Judiciary Committee began...

It's beginning to look like the credit union issue de jour is about to change from bankruptcy reform to UBIT thanks to the increasing aggressiveness with which the IRS is going after state-chartered credit unions in more and more states. A lot has happened since I wrote a column on...

NASHVILLE, Tenn.-Even though NCUA Chairman Dennis Dollar's term has already officially expired, he is still working for the future of the agency. In an address to supervisory and management officials at the agency's bi-annual (odd years) supervisory conference recently, he called "for a new generation of NCUA leadership." Over the...

WASHINGTON-Keeping the escalating federal budget deficit in mind, the House Appropriations Subcommittee on Veterans Affairs, Housing and Urban Development and Independent Agencies marked up its appropriation legislation for fiscal year 2004 last week Included in the appropriations are the Central Liquidity Facility, Treasury's Community Development Financial Institutions Fund, and Treasury's...

The Friday night game between the Boston Red Sox and New York Yankees will have a 7:05 p.m. start, but first NAFCU has to feed everybody. The pre-game meal will be at Jillian's, a "typical eat and play place" said NAFCU EVP Diane Swenson, who did much of the planning...

CHICAGO - Illinois finally has a new director for the Department of Financial Institutions. Six months after firing the Republican-appointed director, Sarah Vega, Gov. Rod Blagojevich has named Roxanne Nava, a banker, to head the department that regulates credit unions, currency exchanges, consumer finance companies, title insurance companies and money...

COLUMBIA, S.C. - E-mail marketing to members is a growing art and science, and credit unions by nature seem to be crafting individual approaches. But they tend to agree on one thing: Don't serve up spam. "We avoid spamming. We're an online credit union and we try to push that...

WASHINGTON - Mary Martha Fortney, vice president of state government affairs for NASCUS was recently sworn in as a member of the board of trustees of Women in Housing and Finance. The WHF actively promotes women in the fields of financial services and housing. According to the association, it has...