Regulatory & Compliance

ALEXANDRIA, Va.--NCUA Board Member Gigi Hyland, who chaired NCUA's Outreach Task Force, announced the results of a year's compilation and analysis of comments resulting from her series of town halls and other meetings.

A recent question about documentation in a real estate transaction prompted the NCUA to issue additional guidance on real estate. According to NCUA Legal Opinion Letter 08-0129, no written narrative needs to be present in an appraisal for a real-estate transaction. NCUA's appraisal regulation, discusses real estate transactions requiring appraisals...

Recently, the general counsel's office at NCUA issued additional guidance on the E-Sign Act.

NCUA Chairman JoAnn Johnson represented the agency at the Department of the Treasury for the first meeting of the Advisory Council on Financial Literacy. She was accompanied by Cutler Dawson President/CEO of Navy Federal Credit Union, who is a member of the Council.

On Feb. 8, NCUA clarified the member business loan two-year rule in a recent legal opinion letter (08-0128).

WASHINGTON--Senator Richard Durbin (D-Ill.) is seeking to have his bill on the treatment of mortgages in bankruptcy added to a bill expected to move as early as Tuesday.

TOPEKA, Kan.--Amidst a round of committee hearings and facing a March 1 cutoff, a panel of the Kansas Senate is slated Friday to consider once again a banker-backed bill to impose field of membership restrictions on credit unions.

A legislative move to offer regulatory relief to banks with less meat for credit unions drew frenetic credit union lobbying and then opposition before it was finally withdrawn this week.