The Government Accountability Office recently completed its report on finding efficiencies in the regulation of the financial services sector as required under the Financial Services Regulatory Relief Act of 2006.

When asked about recent opinion pieces published in credit union publications, including Credit Union Times, regarding a CUNA-NAFCU merger, Becker said two reasons for maintaining NAFCU jumped into his mind.

NAFCU President/CEO Fred Becker told MACUMA luncheon attendees he felt there was some confusion over NAFCU's positions on disclosures in mutual savings bank conversions and executive compensation in mergers.

The California Credit Union League expressed disappointment and a degree of shock that Governor Arnold Schwarzenegger vetoed a measure THAT would have moved the card industry's data security standards into state law.