Regulatory & Compliance

WASHINGTON -- Edward Yingling, president and CEO of the American Bankers Association has weighed in with his most recent offering in the ongoing tit-for-tat exchange of letters over whether to tax credit unions.

WASHINGTON -- Edward Yingling, president and CEO of the American Bankers Association has weighed in with his most recent offering in the ongoing tit-for-tat exchange of letters over whether to tax credit unions.

ALEXANDRIA, Va. -- NCUA appears to be following through with the agenda of greater emphasis on consumer protection that the Democratic Congress has signaled it wants.

ALEXANDRIA, Va. -- NCUA appears to be following through with the agenda of greater emphasis on consumer protection that the Democratic Congress has signaled it wants.

WASHINGTON -- As credit union lobbyists prepare for more possible movement on CURIA this year, they have urged credit unions to make a special visit to their members of Congress or their staff during this year's August recess.

Responding to NAFCU's letter to Washington's Department of Financial Institutions recently that private primary deposit insurance "threatens" the dual chartering system, NASCUS stated that the state regulators can handle oversight of their credit unions.

The recently concluded session of the Oregon legislature provided key victories for credit unions including the right to handle an array of nonmember products, accept homeowner and condo deposits, plus new oversight on financial literacy.

House Financial Services Committee leaders have requested a Government Accountability Office study of the mission and operational capacity of Treasury's Financial Crimes Enforcement Network and the increasing number of Bank Secrecy Act-related filings.