Regulatory & Compliance

WASHINGTON -- The Federal Reserve Board announced that it has approved a final rule removing several statutory reporting and disclosure requirements concerning insider lending at insured depository institutions.

WASHINGTON -- In its fourth year of life, the Credit Union Regulatory Improvements Act (H.R. 1537) may have the chance for legislative progress in both Houses of Congress.

WASHINGTON -- The Securities and Exchange Commission will host a roundtable discussion June 19 on issues surrounding Rule 12b-1 under the Investment Company Act of 1940.

NCUA has revised its policy on small credit union accounting for donated equity.

NCUA Vice Chairman Rodney Hood met with Congressman Spencer Bachus (R-Ala.) last week during National Hurricane Preparedness Week to discuss the agency's steps to prepare credit unions in case of a hurricane or other severe weather emergencies.

NCUA Board Member Gigi Hyland has announced that registration is open for the July 16 Outreach Task Force Town Hall meeting in Los Angeles.

The banking lobby pushed small business tax relief through as part of the U.S. Troop Readiness and Iraq Appropriations Act (H.R. 2206), which will provide $4.84 billion in tax relief for thousands of small businesses and community banks. The president signed the bill into law May 25 after it passed...

The credit union trade associations are pounding home the messages from a new Government Accountability Office study finding that credit unions have not negatively impacted the ability of banks and thrifts to make money.