Credit unions with assets of more than $10 billion would be subject to examination and enforcement by the new consumer financial products agency housed inside the Federal Reserve.

The NCUA Board is scheduled to unveil a proposed rule on mergers and conversions at next Thursday's meeting.

The NCUA should offer specific guidance to credit unions that want to merge with others and establish registries at each of its regional offices of interested credit unions "willing and able to merge."

Despite heavy snow in some regions and in contrast to the usual pattern of slower consumer purchasing in the winter, retail sales rose 0.3%, the Commerce Department reported today.

Jim Collins, the best-selling author of "Good to Great" and "How The Mighty Fall and Why Some Companies Never Give In," will be the keynote speaker at the joint CUNA and WOCCU conference in July.

Senate Banking Committee Chairman Christopher Dodd said today lawmakers are on a "positive and optimistic track," in trying to reach an agreement on regulatory restructuring, but declined to discuss specifics of the bill he will introduce on Monday.

WASHINGTON -- Sen. Bob Corker said today before Senate Banking Committee Chairman Christopher Dodd decided to introduce his own bill, he and Dodd had reached an agreement that the new consumer regulatory entity would be housed in the Federal Reserve.

Senate Banking Committee Chairman Christopher Dodd (D-Conn.) said today that he will unveil his own legislation on revamping the regulation of financial services on Monday and his panel will mark up the bill the following week.