Regulatory & Compliance

CONCORD, Calif.--With a bidders conference reportedly slated this Wednesday in Phoenix, Bay area credit unions were lining up this week to submit offers to NCUA to acquire the $339 million asset Cal State 9 CU, placed under conservatorship last November.

WASHINGTON -- CUNA, business organizations and other trade associations are scheduled to testify March 12 at the Small Business Administration's second national regulatory fairness hearing, which aims to offer a forum to comment on unfair or excessive federal regulatory enforcement that impacts their members and small businesses.

WASHINGTON -- In the eight months since its launch, the Small Business Administration's Patriot Express Loan Initiative has produced 1,007 loans amounting to more than $100 million, with an average loan amount of nearly $101,000, the agency said today.

WASHINGTON -- The Electronic Payments Coalition has come out strongly in opposition to H.R. 5546, a bill the coalition said would mandate price controls on interchange and deprive consumers of some of the things they most like about their credit card programs.

WASHINGTON -- CUNA policy committees and subcommittees are evaluating the possible impact of H.R.5546, the Credit Card Fair Fee Act, a bill that mandating changes to credit card interchange under the threat of government intervention.

WASHINGTON -- CUNA, business organizations and other trade associations are scheduled to testify March 12 at the Small Business Administration's second national regulatory fairness hearing, which aims to offer a forum to comment on unfair or excessive federal regulatory enforcement that impacts their members and small businesses.

ALEXANDRIA, Va. -- NCUA's Office of Small Credit Union Initiatives Director Tawana James and Adrienne Munroe joined other federal agency representatives to discuss financial education needs in African-American communities on March 4.

WASHINGTON -- CUNA has sent a letter to every U.S. Senator asking them to join Mary Landrieu (D-La.) and Joe Lieberman (I-Conn.) in backing the Credit Union Regulatory Improvements Act (CURIA).