Washington

WASHINGTON — A bill introduced by Republican Sen. Dan Coats could reduce some of the regulatory burden on the backs of financial institutions below $10 billion in assets.

WASHINGTON — NCUA's testimony before the House Financial Services Committee earlier this week has some within the credit union community saying the regulator may have opened the door a little wider for federally insured CUs to gain access to supplemental capital.

Riverview Community Bank in Vancouver, Wash., has been freed from a formal agreement with the Office of the Comptroller of the Currency.

WASHINGTON — The Internal Revenue Service has backed down in its dispute with the credit union community over unrelated business income tax and cleared almost all CU products at stake in related litigation.

The Federal Reserve's retail payments office announced Monday that it "fully supports" the most recent push within the financial services industry to speed up electronic payments.

WASHINGTON — NCUA General Counsel Michael J. McKenna told the House Financial Services Committee Tuesday that 70% of new rules put in place by the agency since last January have provided regulatory relief to credit unions without incurring additional costs.

WASHINGTON — The House Financial Services Committee is scheduled to hold a hearing Tuesday morning with senior regulatory officials to explore the costs of recent rulemakings and other agency actions.

WASHINGTON — Federal Reserve Board Gov. Jeremy Stein on Thursday submitted his letter of resignation to President Obama.

WASHINGTON — With cyber attacks on the rise, members of the Federal Financial Institutions Examination Council (FFIEC) Wednesday issued warnings to financial institutions.

WASHINGTON — Sens. Mark Warner, D-Va., and Mark Kirk, R-Ill., unveiled legislation on Wednesday to increase fraud protections for debit card customers.

That's the main takeaway from a recent Federal Reserve Board report that found the number of U.S. consumers using mobile phones to access their financial accounts rose by five percentage points last year.

WASHINGTON — When Harry Douglas Lane was called upon to speak at a Consumer Financial Protection Bureau forum last year, he appeared to be just another person in the crowd.

WASHINGTON — Senate Banking Committee leaders said Friday they would hold a panel vote on April 29 to reform the housing finance system.

Volunteering at nonprofits is a good place to start, high-ranking female bank executives told attendees at a recent conference. Women also need to confront barriers head on.

WASHINGTON — Top Democrats on the House Financial Services Committee are asking several federal agencies — including the NCUA — to provide more information about their employment policies and practices with regard to minorities and women.

WASHINGTON — Credit union executives are growing more dissatisfied with the examination process, according to the latest numbers from CUNA on CEO exam satisfaction.

VANCOUVER, Wash. — Roger Michaelis, longtime president and CEO of $509 million iQ Credit Union, said he plans to retire in October after 29 years of service.

Washington Federal (WAFD) in Seattle has shifted a number of executive titles and responsibilities.

WASHINGTON — One of the reasons CUNA chose Bill Cheney to lead the trade association in 2010 — his credit union roots — now appear to be the reason why the executive is leaving after just four years at the helm.

WASHINGTON — Mark McWatters shared insights into what kind of regulator he would be if confirmed to a seat on the NCUA board during testimony before the Senate Committee on Banking, Housing, and Urban Affairs Thursday.