ALEXANDRIA, Va.-NCUA has submitted a comment letter to the Securities and Exchange Commission (SEC) on the Notice of Application of Evangelical Christian Credit Union (ECCU) for Exemptive Relief (SEC File No. S7-12-01). ECCU is requesting to be exempt from registering as a broker dealer in order to offer sweep accounts....

WASHINGTON - The National Association of Mortgage Brokers is launching a major educational and public relations campaign to improve the industry's image. Reputed for being one of the main perpetrators of abusive mortgage and predatory lending, a spokesman for the NAMB recently argued that "these are misconceptions," and the perpetrators...

CONCORD, Calif. - NCUA Board member Deborah Matz has just completed a tour of all six NCUA regional offices. Matz wanted to meet all regional staff and to review the practices and procedures of each regional office within six months of her Jan. 22 appointment. Matz was impressed by the...

ADDISON, Texas - CU Members Mortgage, the credit union division of financial services firm Colonial Savings F.A., joined the ranks on June 3 of the growing number of mortgage lenders that provide online approval to mortgage applications in a matter of minutes. The service, which also includes a suite of...