Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Texas Sunset Commission votes to continue TCUD
FARMERS BRANCH, Texas (12/23/08)—The Texas Sunset Commission unanimously voted in favor of continuing the Texas Credit Union Department’s (TCUD) operations for 12 years during a final hearing on the issue last week. Commission members also voted in favor of an amendment, proposed by Rep. Dan Flynn and backed by the Texas Credit Union League, addressing two key league concerns: monetary fines and joint 990 filings (LoneStar Leaguer Dec. 17). The amendment strikes language that would have allowed TCUD to level monetary administrative penalties on credit unions. It also strikes language that would have removed TCUD’s authority to file joint 990s in the future. The commission also made a minor adjustment regarding providing member access to various types of credit union financial information at annual meetings. There was no dissent from the Sunset committee staff during the decision process, said TCUL.


RSS print
News Now LiveWire
Breaking at #NewsNow: Matz to request revised RBC proposal, new comment period http://t.co/eLtYmzXRWn
10 hours ago
#NewsNow: Oct. 22 webinar will explore role of CDFI #creditunions. http://t.co/op1GV4mrYM
13 hours ago
CFPB announces $10M fine,$27.5M restitution v. Mich.-based Flagstar Bank for allegedly illegally blocking borrowers’ attempts to save homes.
14 hours ago
#NewsNow: Proposed MLA changes could restrict CU payday alternative loans. http://t.co/eKqtyMHD0P
14 hours ago
44 #creditunion professionals earn Development Educators designation #NewsNow http://t.co/GG551ofq31
14 hours ago