Compliance

What started as a standard conference speech by NCUA Chairman Debbie Matz turned into a sharp verbal exchange with State Employees CU CEO Jim Blaine last week over still-unresolved issues regarding oversight of state-chartered CUs in North Carolina.

WASHINGTON – The banking lobby is irate over NCUA’s exemptions for more than 550 credit unions from the congressional member business loan cap just as Congress is poised to once again defeat the credit unions’ efforts to raise the cap.

ALEXANDRIA, Va. – The NCUA Board is expected to approve a new permissible investment for federally insured credit unions at next week’s monthly meeting, Treasury Inflation Protected Securities, or TIPS.

WASHINGTON – Lawmakers are racing against next week’s close of the congressional sessions and trying to break free the credit union-backed bill to eliminate the dual fee disclosures required at ATMs.

WASHINGTON – Two credit union executives were named yesterday to the 25-member Consumer Advisory Board for the Consumer Financial Protection Bureau, which will provide advice to the new agencyon a consumer financial issues and emerging market trends.

WASHINGTON — Republican Rep. Jeb Hensarling, one of the top candidates to assume control of the House Financial Services Committee next year, sharply criticized the Dodd-Frank Act, saying it had severely damaged financial institutions.

ALEXANDRIA, Va. – NCUA said it has approved an additional 550 credit unions over the past month for low-income status under an initiative aimed at expanding access to capital in drought-stricken states, making those credit unions exempt from the congressional cap on member business loans.

BIRMINGHAM, Ala. – A federal court here agreed yesterday to dismiss two more class action suits challenging credit union practices on overdrafts, the fifth and sixth suits to be dismissed in the past two weeks.

As the presidential and congressional elections grow closer, a key issue for credit unions is who will that president appoint to top regulatory positions, not to mention what Congress might do to those agencies.

If showing up is half the battle, then CUNA and NAFCU are bent on winning.