Regulatory & Compliance

WASHINGTON -- Denial rates for home borrowers based on race widened significantly from 2006 to 2007, according to Sen. Chris Dodd (D-Conn.), chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs. Dodd's office examined Home Mortgage Disclosure Act data recently released by the Federal Reserve.

WASHINGTON -- Denial rates for home borrowers based on race widened significantly from 2006 to 2007, according to Sen. Chris Dodd (D-Conn.), chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs. Dodd's office examined Home Mortgage Disclosure Act data recently released by the Federal Reserve.

WASHINGTON -- While the issue positions of presidential candidates are important, voters often make their choice based on emotional considerations, NBC News Chief White House Correspondent said in today's keynote address at NAFCU's Congressional Caucus.

WASHINGTON -- No credit union is too small or too large to develop comprehensive risk mitigation strategies, NCUA Vice Chairman Rodney Hood told attendees at NAFCU's Congressional Caucus today.

WASHINGTON -- Conceding that they had not discussed the issues with their bosses, economic advisers to presidential candidates John McCain and Barack Obama declined today to take a position on risk-based capital or increasing member business loans.

NEW YORK -- The National Federation of Community Development Credit Unions is hearing an unprecedented level of complaint and concern from its members about the most recent round of grants from the U.S. Treasury Department's Community Development Financial Institutions Fund.

NEW YORK -- Community development credit unions appear to face little direct impact from the bankruptcy and the buy out of two of the nation's largest investment banks, but may find money for grants harder to get, according to a CDCU leader.

WASHINGTON -- Credit unions report very little impact from the recent government takeover of Fannie Mae and Freddie Mac. But Navy Federal Credit Union's Jack Gaffney, executive vice president of lending, said that, in the long term, the takeover is not good for the financial services industry.