WASHINGTON-Treasury Assistant Secretary for Financial Institutions Wayne Abernathy backed NCUA on the issue of whether it was the appropriate agency to oversee privately insured credit unions under provisions in H.R. 1375, the Financial Services Regulatory Relief Act. The regulatory relief legislation would allow privately insured credit unions to become members...

DALLAS-U.S. Attorney Jane J. Boyle announced in late August that additional charges are being brought against four fraudsters who roped four credit unions, a bank, and others in with their alleged scheme, which the prosecution claims targeted the elderly. Cooke B. Christopher, Thomas H. Sunderland, Nils Griffin, and Jeffrey Vann...

WASHINGTON-The House overwhelmingly approved legislation last week to permanently extend the federal preemptions on credit information sharing in the Fair Credit Reporting Act and tough new laws to help consumers in the fight against identity theft. In a strongly bipartisan 392-30 vote, the House passed the Fair and Accurate Credit...

WASHINGTON- Jean Sherman Chatzky, a Today show contributor, provided several suggestions recently on how to save money before year-end. In "Fix your finances for the fall," which appeared on MSNBC.com, Chatzky wrote, "Whether or not you're a parent, September - to me at least - always represents back to school,...

WASHINGTON-Despite losing more than $2 million last year, CUNA increased the salaries of its top executives. CUNA President and CEO Dan Mica had the highest salary at the organization at $697,084, plus nearly $80,000 in benefits. CUNA Executive Vice President and Washington Chief of Staff Richard McBride received the largest...

SAN DIMAS, Calif. and WASHINGTON-WesCorp employed Webcast technology, facilitated through Counter Intelligence Associates, to spread the word about H.R. 1474, the Check Clearing for the 21st Century Act, and educate credit unions on its benefits. The legislation creates a new negotiable instrument, the substitute check, which would carry equal weight...

WASHINGTON - They may seem like some small technical changes, but CUNA and NAFCU say they are very important to give credit unions flexibility in how revocable trust accounts are designated. Responding to an NCUA request for comment on a proposed rule concerning deposit insurance, CUNA and NAFCU wrote in...

WASHINGTON-Several issues important to credit unions could receive the signature of the president by the end of the congressional session, while others are likely to flounder around until next legislation session, according to credit union lobbyists. With only about six weeks left to the scheduled legislative session-no one is sure...