Regulatory & Compliance

WASHINGTON -- Credit unions are doing more to educate their employees and members about share insurance, according to data compiled by NAFCU in its monthly Flash Report released today.

WASHINGTON -- Data on 21.4 million mortgage applications and originations and 4.8 million purchases in 2007 from 8,610 financial institutions is now available, a government council made up of financial services regulators announced today.

WASHINGTON -- Attendees at next week's NAFCU Congressional Caucus are scheduled to hear from all three NCUA Board members, key subcommittee chairs and representatives of both major party presidential candidates.

AUGUSTA, Maine -- The board of the $51 million KV Federal Credit Union will vote on Oct. 14 whether to put a proposal to merge with a bank before the credit union's members.

WASHINGTON -- Three Harrisburg, Pa.-area credit unions would be allowed to keep their new members but not recruit additional ones in their expanded field of membership, according to a proposed remedy the NCUA yesterday agreed to with the American Bankers Association.

LAS VEGAS -- Nevada credit unions were considering plans Monday to stoke up safety soundness communication with members at branches and on Web sites following the failure last Friday of the $3 billion Silver State Bank, sold under a FDIC-arranged purchase deal with Zions Bancorp of Utah.

WASHINGTON -- The government takeover of mortgage giants Fannie Mae and Freddie Mac was necessitated in part by Congress' inaction, White House Press Secretary Dana Perino said today.

WASHINGTON -- Seeking to avoid even further damage to an already battered housing market, the government on Sunday took control of Fannie Mae and Freddie Mac.