Regulatory & Compliance

ST. PAUL, Minn. -- In the case of the second time being the charm, Sen. John McCain is scheduled to accept the GOP nomination for president tonight, the closing session of this year's Republican National Convention.

SACRAMENTO, Calif. -- The data breach law that the California legislature has passed and sent to the governor does not include a requirement that retailers who experience a data breach reimburse card issuers for the costs of replacing the compromised cards, according to a California credit union lobbyist.

ALEXANDRIA, Va. -- NCUA Chairman Michael Fryzel announced today that Sarah Vega will take on the role as chief of staff and senior policy adviser to the chairman.

ST. PAUL, Minn. -- A bleak environment for House and Senate Republicans could be improved because of the presence of two appealing mavericks at the top of the ticket, according to two GOP leaders.

WASHINGTON -- The Securities and Exchange Commission today charged two Wall Street brokers with defrauding their customers when making more than $1 billion in unauthorized purchases of subprime-related auction rate securities.

SAN JOSE, Calif. -- Former California Credit Union League executive Matt Davidson was chosen by the NCUSIF to take the conservatorship CEO position at $257 million Valley Credit Union.

HONOLULU -- Rather than submit an application for a national trade, industry and profession charter, Aloha Airlines Federal Credit Union opted to keep its reach within the air transportation industry in Hawaii.

ALEXANDRIA, Va. -- The California Department of Financial Institutions has placed the $257 million Valley Credit Union into conservatorship and handed over the keys to NCUA.