Regulatory/Compliance

August 21, 2008
CU Backer Rep. Stephanie Tubbs Jones Dies
By Claude R. Marx
WASHINGTON — Congresswoman Stephanie Tubbs Jones (D-Ohio), a strong supporter of credit unions, died Wednesday evening, a day after suffering a brain aneurysm while driving in her Cleveland ...
Article found in Regulatory/Compliance
August 8, 2008
On-Site Coverage: Smaller Credit Unions May Fear Larger CUs’ Help
By Michelle Samaad
HOUSTON — Worried that larger credit unions may have hidden merger intentions, some smaller credit unions may be suspicious of their efforts to assist them.
Article found in Regulatory/Compliance, Conference Coverage
August 8, 2008
On-Site Coverage: Camel Ratings Least of CU Worries
By Michelle Samaad
HOUSTON — Right now, Camel ratings are probably not the most pressing worry for credit unions compared to the impact the troubled economy has had on the industry, Alonzo Swann, NCUA Region III ...
Article found in Conference Coverage, Regulatory/Compliance
August 7, 2008
Industry Unity Is One Aim of Alternative Capital Discussion
By David Morrison
RALEIGH, N.C.— One of Jim Blaine's goals for a renewed CU alternative capital discussion would be a unified industry position on access to it, even if CUs continue to disagree about whether or ...
Article found in Legislation/Politics, Regulatory/Compliance
August 6, 2008
CO-OP Formally Signs On to Interchange Fight
By David Morrison
RANCHO CUCAMONGA, Calif. — CO-OP Financial Services has formally joined in the Electronic Payments Coalition in the fight against the legislation which would sharply impact card interchange rates.
Article found in Credit/Debit/ATM, Legislation/Politics, Regulatory/Compliance
August 6, 2008
Filson Working to Build Alternative Capital Initiative
By David Morrison
WASHINGTON — CU pioneer Chip Filson is organizing a new initiative on alternative capital for credit unions.
Article found in Regulatory/Compliance
August 6, 2008
Freddie Posts $821 million loss
By Claude R. Marx
WASHINGTON — The continuing woes of the housing industry again took their toll on mortgage buyer Freddie Mac as it today reported that during the second quarter revenues fell 28% and the ...
Article found in Lending, Regulatory/Compliance
August 6, 2008
Port Trust FCU Declared Insolvent and Closed
By Claude R. Marx
WASHINGTON — Port Trust Federal Credit Union was declared insolvent and ordered closed by NCUA on Tuesday.
Article found in Regulatory/Compliance
July 21, 2008
Two Michigan CUs Plan to Merge
By Myriam DiGiovanni
DEARBORN, Mich. — DFCU Financial Federal Credit Union headquartered here and Lansing, Mich., based CapCom Credit Union have plans to merge.
Article found in Regulatory/Compliance
July 17, 2008
Court Rules in PSECU’s Favor on BJ’s Card Breach Case
By Lindsey Siegriest
PHILADELPHIA — The U.S. Third Circuit Court in Philadelphia ruled in the favor of Pennsylvania State Employees Credit Union yesterday on an appeal the credit union made to a breach of contract ...
Article found in Technology/Data Processing, Regulatory/Compliance, Insurance/Investments, Credit/Debit/ATM
July 1, 2008
Sterlent and Cal State 9 Liquidated, Patelco Takes Over Both
By Heather Anderson
ALEXANDRIA, Va. — The NCUA drew the curtains on the Sterlent and Cal State 9 dramas today, declaring the failed credit unions officially liquidated. ...
Article found in Regulatory/Compliance
July 1, 2008
Banker Coalition Looking to Build Members
By David Morrison
SANTA ROSA BEACH, Fla. — The Coalition for Credit Union Charter Options, the banker led group which was formed to help lobby and litigate for credit unions seeking to convert their charters ...
Article found in Legislation/Politics, Regulatory/Compliance
July 1, 2008
NCUA: Posting Data Was Response to Data Use in Conversion Process
By David Morrison
ALEXANDRIA, VA — NCUA says it began posting savings and loan rate data on its Web site after it noticed that some credit unions were referencing data from converted CU's as part of the ...
Article found in Regulatory/Compliance
July 1, 2008
CUSO Rule Needs More Permissible Activities, State Parity, Trades Suggest
By Michelle Samaad
ALEXANDRIA, Va. — NAFCU, CUNA and NASCUS have offered their suggestions and criticisms on a proposed NCUA rule that would include adding credit card loan origination and payroll processing ...
Article found in Credit/Debit/ATM, CUSOs, Non-interest Income, Regulatory/Compliance
June 26, 2008
Senate Panel Approves Fryzel Nomination to NCUA Board
By Claude R. Marx
WASHINGTON — Michael E. Fryzel took another step Wednesday to joining the board of the NCUA.
Article found in Legislation/Politics, Regulatory/Compliance

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