Regulatory & Compliance

NCUA, together with the federal banking agencies and the Federal Trade Commission, issued proposed rules and guidelines today to aid the integrity of credit report information and provide for consumers' direct disputes.

TULSA, Okla.--Eyeing a possible management linkup or "partnership" with the Texas Credit Union League, the Oklahoma Credit Union League said this week it was moving ahead with its long-standing plans for a Credit Union House in Oklahoma City patterned after the leagues' Washington, D.C. facility.

NASCUS and credit union leadership gathered in Washington, D.C. for its annual assembly of the executive committees.

NASCUS Chairman George Reynolds has been elected chairman of the State Financial Regulators Roundtable for a two-year term.

The National Credit Union Foundation and The National Federation of Community Development Credit Unions have joined forces to help credit unions get the most advantage from a more than $710,000 federal grant.

The Office of Thrift Supervision is considering replacing its Thrift Financial Report with the Consolidated Reports of Condition and Income (Call Report) used by other federal financial institution regulators.

NCUA and NASCUS have shown their distinct differences pertaining to the structure of the federal deposit insurance system in comment letters to Treasury on the reconfiguring of the financial services regulators.

Treasury Secretary Henry Paulson finds the British, single financial regulator model appealing but industry figures have argued otherwise.