Compliance

WASHINGTON-CUNA is calling on NCUA to address what it called "significant concerns" before proceeding with any new rules related to executive compensation.

WASHINGTON-Traditional enemies credit unions and banks will mount a joint lobbying campaign this week as Congress weighs their pleas to save the lucrative revenues they earn from debit cards.

WASHINGTON-The NCUA Board last week issued for comment a rule that would bar certain incentive-based bonuses that would encourage risky management behavior or expose credit unions to large losses and require all credit unions over $1 billion to disclose incentive packages on an annual basis.

Between tending to tarantulas, looking after lizards and feeding the snakes every night, a mom-and-pop pet shop owner has enough predators to worry about. But there's one that threatens small businesses' very livelihood that often gets overlooked.

MADISON, Wis. — When credit unions charge a fee to a consumer using a non-credit union ATM network card or debit card, here's what section 205.16 of Regulation E requires.

ALEXANDRIA, Va. — NCUA is working with bank regulators on a proposal that would realign the way big credit unions award annual bonuses to top executives, tying their compensation to the long-term performance of the credit union.

MADISON, Wis.-CUES is concerned that NCUA Letter 10-0913 may limit credit unions' ability to provide financial education to associate directors.

MADISON, Wis.-While in favor of NCUA's new financial literacy standards for federal CU board members, two trade groups are expressing concerns over requirements to comply with the new provisions, and raising the even bigger question of whether the rules will have any real impact on board knowledge.

ALEXANDRIA, Va.-As NCUA prepared to release a letter to credit unions further clarifying requirements regarding the new director financial literacy standards for federal credit unions, Credit Union Journal spoke with NCUA Associate General Counsel Paul Peterson to gain insights into the new rule, including how NCUA will enforce the new provisions.

WASHINGTON — In a rule-making process turned upside down, credit unions and community banks that are exempt from the Federal Reserve's proposal controlling debit interchange fees are dominating the comment process, while the big institutions coming under the rule have yet to weigh in.