Regulatory & Compliance

News Briefs Page

Credit union trade associations praised the evenhandedness of the Department of Defense's final rule capping closed-end credit interest rates for members of the military and their families.

Regulatory and Compliance Page

While the Credit Union Membership Access Act--H.R. 1151--may have saved some credit unions in 1998, concessions had to be made, original co-sponsor to the bill Paul Kanjorski (D-Pa.) explained.

When competing for time on the House Financial Services Committee's docket, supporters of CURIA are hopeful the bill can run with the big boys in terms of priorities.

Both houses of the California State Legislature have passed a bill which would, among other things, include the card industry's data security standards into state law for the first time and provide credit unions with a means of recouping their losses when a retailer or processing institution fails to implement...

Co-sponsors for the Credit Union Regulatory Improvements Act (H.R. 1537) climbed to 126 yesterday, including primary co-sponsor Paul Kanjorski (D-Pa.).

NCUA has determined that in cases where a state chartered, federally insured credit union is merging with a state chartered, federally insured mutual bank, the merging credit union does not have to follow the notification or ballot procedures that a CU would otherwise have to follow in a CU-to-bank charter...