Regulatory & Compliance

Co-sponsorship for the Credit Union Regulatory Improvements Act (H.R. 1537) reached 122, including primary sponsor Congressman Paul Kanjorski (D-Pa.), prior to Congress recessing for its tradition month-long break in August.

The number of lawmakers backing the Credit Union Regulatory Improvements Act (H.R. 1537) reached 121 this week, including primary sponsor Paul Kanjorski (D-Pa.).

The number of lawmakers backing the Credit Union Regulatory Improvements Act (H.R. 1537) reached 121 this week, including primary sponsor Paul Kanjorski (D-Pa.).

New York Governor Eliot Spitzer has signed credit unions' "wild card" bill into law, according to the state league, which has been working the issue for many years.

Co-sponsorship of the Credit Union Regulatory Improvements Act (H.R. 1539) jumped to 119 after another member of Congress returned to sign onto the legislation for the 110th Congress.

NCUA and the other federal financial regulators recently issued a statement to assist credit unions and other financial institutions in their Bank Secrecy Act compliance efforts.

The credit union lobby appears to have a supporter in Congressman Jos?(C) E. Serrano (D-N.Y.) and he is someone in a very good position for credit unions to have a friend.

NCUA Chairman JoAnn Johnson urged credit unions to see how they and the financial services sector will fare in the event of a pandemic.