WASHINGTON — Comparing her agency to a police officer that prevents bad drivers from hurting good ones, NCUA Chairman Debbie Matz said the agency's strong enforcement saved the insurance fund about $1.5 billion.

Consumers may have to pay as much as 20% down for their mortgages to be exempt from risk-retention standards, according to media reports about the discussions among regulatory agencies.

Sen. Daniel Akaka (D-Hawaii), who has supported credit unions and has been a big booster of improving financial literacy, announced yesterday that he won’t run for re-election next year.

John McKechnie began his first day on a Delaware beach in the summer of 2008 reading a front-page story in The Wall Street Journal about the serious financial problems facing some of the corporate credit unions.

Among the federal government’s most controversial actions during the Great Recession was the rescue of the automobile industry.

So the NCUA or Federal Reserve has issued a proposed rule that you detest. What to do? Hold your fire and be rational.

Credit unions that engage in legitimate debt collection practices could still find their actions restricted by the Federal Communications Commission.

It’s not just about your assets. While the NCUA and state regulators certainly care about the raw numbers of credit unions, they are putting more emphasis on scrutinizing how credit unions are run. In other words, the "M" in CAMEL is getting the spotlight.