WASHINGTON - (07/21/05) -- John Roberts, the appeals courtjudge nominated Wednesday to the Supreme Court by President Bushwill forever hold a place in credit union history as one of thechief defenders of NCUA's multiple groups policy before the SupremeCourt in the landmark AT&T Family FCU case. Roberts, then anattorney for Washington-based Hogan & Hartson, argued thecredit union case on behalf of CUNA and NAFCU who were defendingNCUA's policy. Roberts, who had clerked for then associate JusticeWilliam Rehnquist and had argued numerous cases before the HighCourt, was hired for his knowledge of the different justices,according to Eric Richard, general counsel for CUNA, who emphasizedthat Roberts argued the credit union case as if he were a long-timeadvocate. "He was a real pro," Richard told The Credit UnionJournal. NCUA General Counsel Robert Fenner said Roberts arguedalong side of then Advocate General Seth Waxman, who made the maincredit union argument on behalf of the U.S. Justice Department. "Hewas a very impressive guy; a brilliant lawyer, and a very decentman," said Fenner.
-
The president and his allies have stepped up their verbal attacks on the Federal Reserve and its chairman in recent weeks, and while the tough talk has not changed policy, it has sent a clear message to the financial sector.
30m ago -
Backed by tech billionaires, the crypto-focused digital startup bank's timely application reflects the current administration's openness to new tech-driven banking models — and raises concerns about regulatory impartiality, considering its backers' political ties.
July 2 -
The application follows on the heels of Circle and Wise, as crypto and payment companies seek crypto custody approval and direct access to the Federal Reserve payment system.
July 2 -
The credit union regulator, responding to a recent executive order, has established strict new standards for prosecuting financial crimes. Regulators are now supposed to make criminal referrals only in cases where putative defendants appear to have known they were breaking the law.
July 2 -
Three bank trade associations recommended phasing out paper checks to reduce government payment fraud in a joint statement submitted to the U.S. Treasury.
July 2 -
Baton Rouge-based Investar Holding Corp. has agreed to pay $84 million for Wichita Falls Bancshares, which operates five branches in the Dallas-Fort Worth Metroplex.
July 2