Regulatory & Compliance

NCUA took over $55 million assets Obelisk Federal Credit Union back in April and has now found a merger partner for it.

The Credit Union Regulatory Improvements Act (H.R. 1537) reached 100 co-sponsors last week as press time was running out.

While generally supporting the Department of Defense's anti-predatory lending regulation, credit union organizations made numerous recommendations for improvement.

CUNA is urging NCUA to re-write its proposal for disclosure of "material" increases in compensation in mergers because the agency lacks "adequate substantiation."

In three months, co-sponsorship for the Credit Union Regulatory Improvements Act (H.R. 1537) has grown to 103 including primary sponsor Paul Kanjorski (D-Pa.).

The board of directors of Peoples First Choice Federal Credit Union (PFC FCU) voluntarily consented to conservatorship on June 12.

In a long-awaited appointment, Gov. Edward G. Rendell has named a Mellon banker, Steven Kaplan, as the state's new banking secretary.

Florida's Chief Financial Officer, Alex Sink spoke here at the Florida CU League's Government Affairs Luncheon during its 2007 Annual Convention & Exposition, soothing any CU concerns over a former banker overseeing the state's highest financial office. Introduced by Karen Thurman, a five-term congresswoman and now chairwoman of the Florida...