Corporate credit unions would higher capital requirements, more limits on the type of investments they can make and more disclosure requirements for the executive and board compensation under proposed rules that the NCUA sent out for public comment today.

ALEXANDRIA, Va. -- NCUA CFO Mary Ann Woodson told the board today that as a result of the sluggish economy, 5.58% of all insured shares are in credit unions with CAMEL 4 or 5 ratings and there are 337 credit unions with such ratings.

Consumer prices increased 0.3% last month, the Labor Department reported today.

Conceding that it is a "fine balance," NCUA Chairman Debbie Matz told two key lawmakers that the agency is modifying its examination standards to give credit unions more flexibility while being certain that safety and soundness standards are being met.

Mandating that credit unions pay into a fund aimed at rescuing large financial institutions isn't equitable and would hurt credit union members, NCUA Chairman Debbie Matz wrote in a letter to House Financial Services Committee Chairman Barney Frank.

At its second to last meeting of the year on Nov. 19, the NCUA Board is scheduled to issue its long-awaited proposed rules for revamping the structure of the corporate credit union system. The meeting will crunch some numbers for the agency's 2010 budget.

With Congress actively pursuing regulatory reform, credit cards restrictions and further regulations on overdraft charges, among other subjects,

In another sign that the economy hasn't completely turned around, housing starts fell 10.6% in October, following two months of increases, according to a report issued today by the Commerce Department and the Department of Housing and Urban Affairs.