Regulatory & Compliance

HOUSTON -- Credit union regulators said, Wednesday, there are now 47 Texas CUs that remain non-operational, with many others functioning out of alternate work sites, shared branch centers or using backup generators.

ALEXANDRIA, Va. -- The NCUA announced the 10th federally insured credit union closure in 2008 yesterday by placing Interfaith Federal Credit Union in East Orange, N.J., into liquidation.

WASHINGTON -- Fearing the shutdown of the nation's largest insurer, the Federal Reserve lent AIG $85 billion and gave the government a substantial stake in the company.

WASHINGTON -- Fearing the shutdown of the nation's largest insurer, the Federal Reserve lent AIG $85 billion and gave the government a substantial stake in the company.

WASHINGTON-- Despite the woes of the financial markets, the Federal Reserve's Open Market Committee voted unanimously today to keep interest rates the same.

WASHINGTON-- Despite the woes of the financial markets, the Federal Reserve's Open Market Committee voted unanimously today to keep interest rates the same.

FARMERS BRANCH, Texas -- With attention focused on disaster recovery, the Texas Credit Union League said Tuesday it has canceled its Sept. 18 town hall meeting featuring NCUA Vice Chair Rodney Hood as its key speaker.

WASHINGTON -- Educating consumers about the share insurance program--as a way to reassure people during difficult economic times--will be a top priority of the NCUA during the next year, NCUA Board Member Gigi Hyland told NAFCU's Congressional Caucus today.