State Regulators Sort Through Request ForDetailed Info

April 03, 2006, 1:00 a.m. EDT 1 Min Read

ARLINGTON, Va. - (04/03/06) A group of approximately 40 stateregulators and examiners from 20 states who participated inmeetings hosted by the National Association of State Credit UnionSupervisors (NASCUS) in Boston and Phoenix discussed how to respondto a request from U.S. Rep. Bill Thomas for a rather large amountof information about credit unions in their respective states. Therequest to state regulators follows a similar demand of NCUA todocument how credit unions are serving their members, and followsNovember 2005 hearings on the CU tax exemption. Among the dataThomas is requesting: total number of state-charters, total assetsand members; a breakdown by state on how CUs are providing serviceto low- and moderate-income consumers; information on executivecompensation, and much more.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Earnings

Record interest income fuels a strong Q3 for LendingClub

The company is leveraging its bank charter and strong customer acquisition, with app logins up nearly 50% from borrowers.

By Carter Pape

9h ago
Earnings

Texas Capital hits profitability goal, tops earnings forecast

The Dallas-based regional bank's return on average assets exceeded its goal of 1.1% for the first time, coming in at 1.3% for the third quarter. The bank has been in transformation mode since 2021.

By Allissa Kline

10h ago
Law and legal issues

OCC settles its last remaining Wells Fargo case for $0

U.S. regulators have reached a rock-bottom settlement deal with a former Wells executive accused of wrongdoing in the phony-accounts scandal. The OCC had sought to recover $10 million from Claudia Russ Anderson, a onetime risk executive at the bank.

By Kevin Wack

11h ago
Compensation

Citi names CEO Fraser chair, gives her one-time pay award

Fraser will succeed John Dugan, who's been Citi's chair for six years. The megabank also granted Fraser a one-time award of $25 million in restricted stock units, and more than 1 million stock options.

By Catherine Leffert

October 22
M&A

Ohio community bank strikes deal to expand in Columbus

Farmers National Banc Corp. in Ohio plans to acquire in-state rival Middlefield Banc Corp. in a deal that will deepen the buyer's footprint in Columbus.

By John Reosti

October 22
Earnings

Four takeaways from the first week of bank earnings season

An apparent increase in large-scale borrower fraud and the hot environment for bank mergers were the key themes as banks discussed their third-quarter results.

By Catherine Leffert

October 22