Compliance

ORLANDO, Fla.-Regulators in this state, hit hard by the economic downturn, are pledging to work with credit unions to sustain recoveries, but also noting certain red flags simply must be addressed.

MINNEAPOLIS-One analyst is offering some strategies for dealing with the increased regulatory burden every credit union is facing, along with words of caution on compliance risks many may overlook.

Senate leaders last week put off a final vote on the credit union-opposed bank reform bill after the death of Democratic icon Robert Byrd of West Virginia, jeopardizing passage, even as the House was voting final passage of the measure.

PITTSBURGH-According to some small credit unions, there is a disconnect between the direction NCUA is providing examiners on evaluating small CUs and what field staff are actually doing.

SHREVEPORT, La.-To help address risk, BAFS has hired a Seattle firm experienced with business lending to train all of the seven credit unions' MBL committee members, 35 in total.

MADISON, Wis.-Anticipating credit unions will need help in the latter-half of 2010 with managing capital and earnings challenges, CUNA Mutual Group plans to expand its virtual model to bolster education.

ARLINGTON, Va.-Credit unions have been facing longer and more rigorous examinations over the last year, according to a recent NAFCU survey.

NORWALK, Conn.-The Financial Accounting Standards Board last week proposed rules that would extend market value accounting to a new set of holdings, including loans.

CINCINNATI-Despite all the concern over Reg. E, one consultant claims there are ways to make the overdraft controversy irrelevant.

MADISON, Wis.-Credit unions will have to alter their multi-feature, open-end lending plans with a July 1 Regulation Z compliance deadline looming.