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* FDIC Agency Reorganization; Nomenclature Changes On June 30, 2002, the Federal Deposit Insurance Corporation (FDIC), through an internal organizational order, merged the Division of Supervision and the Division of [...]

WASHINGTON-With the health care legislation debate over, credit unions may get an opening for member business lending reform when the House of Representatives and Senate re-convene here later this month. [...]

WASHINGTON-The credit union lobby was working last week to limit the impact of a massive financial services reform bill that was expected to be approved by the House late last [...]

WASHINGTON-NCUA told Congress it expects growing losses on mortgages and member business loans to combine with billions of dollars of losses trickling down from troubled corporate credit unions to cause [...]

WASHINGTON-NCUA was already planning last week to stretch out the costs of the corporate credit union bailout after Congress passed legislation giving the federal regulator vast new powers. The bill, [...]

WASHINGTON-The House Financial Services Committee will hold hearings this week on the causes of the problems in the corporate credit union system, particularly the failures of U.S. Central FCU and [...]

WASHINGTON-A bill introduced in the House last week would allow credit unions to stretch out the costs of the $6-billion corporate credit union bailout for as long as eight years, [...]

WASHINGTON-Credit unions are being urged to beware politicians who have 'better answers' for the credit card business. Credit card rates, fees and practices have become a populist issue for both [...]

WASHINGTON-The Senate was expected last week to pass a bill that would allow credit unions to stretch out the $5.9 billion payment for the corporate credit union bailout over seven [...]

WASHINGTON-Congress last week was getting a mixed message from credit unions when it comes to support legislation related to so-called mortgage 'cramdowns.' NAFCU said its board had unanimously voted against [...]

WASHINGTON-The Senate Banking Committee endorsed a measure that would provide as much as $24 billion in funding for the National CU Share Insurance Fund on an emergency basis, moving ahead [...]

WASHINGTON-Leaders of the credit union movement asked the Senate Banking Committee last week for help paying for the $5 billion corporate credit union bailout by allowing NCUA to stretch out [...]

WASHINGTON-Congress was forced last week by an impasse on the omnibus spending bill in the Senate to extend emergency funding for the Central Liquidity Facility and other government agencies. The [...]

WASHINGTON-The credit union lobby turned its efforts to the Senate last week after the House passed a bill over its objections that would allow troubled homeowners to ask a bankruptcy [...]

WASHINGTON-Just days after NCUA approved a rescue of the corporate credit union network, Congress began to plot efforts last week to ease the crushing $5-billion cost on credit unions. A [...]

WASHINGTON-The House has delayed until this week a vote on a bill to set aside billions of dollars for distressed homeowners and give access to cash infusions under the Troubled [...]

WASHINGTON-Credit unions were be put on the defensive at last week's opening of the 111th Congress with the introduction of 20 new bills that would allow bankruptcy courts to restructure [...]

WASHINGTON-There's no question where the new Congress' and the Obama administration's legislative priorities will lie-economic stimulus. The question is how credit unions can demonstrate that some of their pet projects, [...]

WASHINGTON-With Congress and Treasury highly focused on the state of financial services, could this be the opportune time to push for capital reform for credit unions? In the wake of [...]

WASHINGTON-Plans by NCUA to use the emergency loan fund, known as the Central Liquidity Facility, as the linchpin of a long-term rescue of the credit union system will be decided [...]

WASHINGTON-Any chance that Congress would pass at least a portion of the credit union regulatory relief bill known as CURIA was dashed last week when House leaders announced they won't [...]

WILKES BARRE, Penn.-Dozens of credit union volunteers fanned out days before last week's elections across Pennsylvania's 11th House district to knock on the doors of voters, many of whom had [...]

WASHINGTON-While credit unions lost some friends and added some new ones in last week's elections, the major impact of the widening of Democratic majorities in the House and Senate is [...]

WASHINGTON-Credit unions were involved in almost every one of the 535 House and Senate races but focued on a handful of races involving incumbent credit union supporters, and helping into [...]

WASHINGTON-With the banking crisis eliminating any chances for regulatory relief legislation this year, credit unions are hoping to get their main reg relief priorities on the final train leaving Congress [...]

YUBA CITY, Calif.-With the general election just weeks away, a credit union based in this community north of Sacramento made the news thanks to an on-air argument involving a political [...]

WASHINGTON-Congress approved a stopgap funding bill for the federal government which includes new borrowing authority for the Central Liquidity Facility, the emergency loan fund operated by NCUA. The emergency measure [...]

WASHINGTON-As part of the bailout of the mortgage markets, the bankers are lobbying Congress to halt by the end of the month requirements that financial institutions mark the value of [...]

WASHINGTON-New NCUA Chairman Michael Fryzel promised last week to monitor credit unions closely during the ongoing financial crisis, that is pushing many institutions, including credit unions, to the brink. 'Now [...]

WASHINGTON -- With names like AMERICPAC, PAC to the Future or Searchlight Leadership Fund, its hard to see what CUNA is spending credit unions campaign contributions on; but each of [...]

First there was (and is) CURIA, and with it much hope and optimism and, naturally, lots of PAC money. And then there was (and is) CURRA, and with it there [...]

WASHINGTON -- The House approved the regulatory relief bill for credit unions last week, but not before combining it with a bill for banks and thrifts. Prospects for the measure, [...]

WASHINGTON -- House leaders are expected to try again to hold a vote this week on the slimmed-down version of the credit union regulatory relief bill in hopes of getting [...]

WASHINGTON -- After a five-month wait, NCUA nominee Michael Fryzel will finally get a hearing before the Senate Banking Committee this week, but observers continue to doubt whether the Republican [...]

WASHINGTON -- The credit union lobby and its top congressional allies are trying to revive the regulatory relief bill for credit unions and get it primed again for a vote. [...]

WASHINGTON -- Two years later, one of its biggest political expenditures paid off for CUNA with the introduction in the Senate of the CU Regulatory Improvements Act, better known as [...]

WASHINGTON -- A withering lobby by the bankers last week killed an effort to bring the credit union regulatory relief bill, known as CURRA, to a vote in Congress, sending [...]

PORTLAND, Ore. -- The recent field of membership restrictions passed in Kansas point up the importance of credit unions establishing strong relationships with politicians even before the bank lobby can [...]

WASHINGTON -- Five weeks after being promised a Senate version of CURIAthe CU Regulatory Improvements Actthe CU lobby still is waiting for the bill, as a second shoe to drop. [...]

WASHINGTON -- NCUA Chairman JoAnn Johnson told Congress last week that credit unions have beefed up their provision for loan losses over the past year and are well positioned to [...]

ALABAMA BIRMINGHAMThe Alabama Credit Union League works very hard to lobby lawmakers, provide financial support for credit union-friendly candidates, organize and participate in Hike-the-Hill visits for Congress and the State [...]

WASHINGTON -- The credit union lobby convinced Senate leaders last week to carve out most credit union mortgages from a bill that would give bankruptcy courts the ability to rewrite [...]

WASHINGTON -- An effort to get long-sought regulatory relief measures through Congress dissipated almost as quickly as it appeared last week after the credit union lobby rejected the bid. Both [...]

WASHINGTON -- Congress moved ahead last week with an economic stimulus package that will rebate as much as $600 each to the average taxpayer, but the bill will not include [...]

WASHINGTON -- The House Judiciary Committee narrowly passed a bankruptcy reform bill last week that would allow bankruptcy court judges to restructure subprime mortgages under Chapter 13. The measure, partly [...]

WASHINGTON -- The Senate Banking Committee has signaled its willingness to begin studying regulatory relief proposals for credit unions and banks again, but the signal is a long and arduous [...]

WASHINGTON -- Congress moved last week to pass a variety of new standards aimed at reining in abuses in the subprime mortgage market-but the standards will, if enacted, affect all [...]

WASHINGTON -- The credit union lobby, which had built up close ties with Republican leaders in Congress for the past decade while the GOP controlled the legislative process, has been [...]

The federal government has taken over three financially troubled credit unions this year, and data shows two of them had violated regulatory limits on business lending. With failures of financial [...]