Fryzel Supports 'Systemic Risk Council' Idea
ALEXANDRIA, Va.-NCUA Chairman Michael Fryzel issued a statement last week indicating general support for the concept of a "Systemic Risk Council," a proposal given new life by FDIC Chairman Sheila Bair who mentioned it in recent congressional testimony. The council's form and members have yet to be formally proposed, but the general idea is to coordinate discussion among regulators of risk scenarios."While I continue to recommend the preservation of the current regulatory structure, where NCUA and other entities retain their supervisory and insurance functions, I also see significant policy benefit to a council responsible for broad standard setting as well as monitoring of implementation of prudential guidelines," Fryzel said.
1st Online-Only CU Officially Open For Business
ROCKVILLE, Md.-The country's first online-only CU is now up and operating. REALTORS FCU, which serves the 1.2-million members of the National Association of Realtors is offering checking, savings, lines of credit, consumer loans and, of course, mortgages.
For info: www.realtorsfcu.org
NCUF Innovation Grants Now Accepting Apps
WASHINGTON-National CU Foundation is now seeking Innovation Grant applications in any of the five REAL Solutions service areas: education, transaction services, savings, credit and homeownership. Participation in REAL Solutions is not required.
For info: www.ncuf.org
