WASHINGTON-In withdrawing her name from the presidential nomination as chair of the Federal Housing Finance Board (FHFB), former NCUA Board member Shirlee Bown said the decision just made sense. Originally, Bown believed that she would be nominated to serve a full seven-year term. She ultimately realized that she would only...

ALEXANDRIA, Va.-Everything about NCUA Executive Director Len Skiles says U.S. Marine Corps: from the obvious antique, framed Marine Corps poster on the wall of his office and the Marine Corps coasters, to his short, neatly combed hair and finely pressed shirt. His pet bird can even whistle the Marine Corps...

WASHINGTON-America's credit unions were named the official title sponsors of the 2002 Cherry Blossom 10 Mile Run to take place April 7, 2002. During the official signing ceremony, a $25,000 "down payment" was donated by participating credit unions to the Children's National Medical Center through the Children's Miracle Network (CMN)....

ALEXANDRIA, Va. - Former NAFCU President and CEO Ken Robinson emerged from semi-retirement to attend the November NCUA Board meeting. While he admitted he was partially interested in the corporate waiver (See related story), he mostly came to see the familiar faces. Robinson wanted to congratulate NCUA Board member Geoff...

WASHINGTON- The U.S. Public Interest Research Group (U.S. PIRG) and the Consumer Federation of America (CFA) unveiled their combined study of payday lenders and the tactics they use to evade state laws regarding rates and disclosures at a Nov. 13 press conference. The two consumer groups accused payday lenders of...

WASHINGTON-The U.S. Court of Appeals for the District of Columbia ruled November 9 in favor of credit unions in the bankers' appeal of their lawsuit over NCUA's chartering and field of membership manual (American Bankers Association v. National Credit Union Administration, et al). "Except for one claim that we dismiss...

ALEXANDRIA, Va.-In a lengthy meeting, the NCUA Board approved several key measures, including Reg-Flex and the budget, overhead transfer rate, and operating fee for fiscal year 2002. NCUA Chairman Dennis Dollar highlighted that this was the first time all three aspects of the budget were considered at the same meeting....

WASHINGTON-The Office of the Comptroller of the Currency (OCC) issued guidance on managing the risks that arise when national banks have business relationships with third parties. The issue has jumped to the forefront after evidence of money laundering and other crimes were committed in financing the terrorist attacks of September...