Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
CUNA thanks president for NCUA independence
WASHINGTON (6/23/09)--Credit Union National Association (CUNA) President/CEO Dan Mica on Monday thanked President Barack Obama for allowing the National Credit Union Administration (NCUA) to maintain its independence under the administration’s recently proposed plan for financial regulatory reorganization. In a letter to the president, Mica said that CUNA applauded the administration for “avoiding a consolidated regulatory scheme that would supervise for-profit banks and not-for-profit credit unions in a similar manner.” Maintaining the independence of the NCUA is “one of the most significant objectives of the credit union system,” Mica added. While he acknowledged that there are still “many questions to be addressed and a number of details to be determined” regarding the administration’s proposed Consumer Financial Protection Agency, Mica said that CUNA is not simply dismissing the need for the agency. Rather, he said, CUNA is carefully reviewing the provisions for the agency. CUNA is eagerly awaiting congressional review and looks forward to discussing how “the new agency can replace and simplify regulatory requirements that interfere with credit unions' capabilities to serve their members,” Mica said.


RSS





print
News Now LiveWire
.@nytimes reports Sen. Harry Reid, Senate Democratic leader since 2005, will not seek re-election next year,
1 hour ago
Cornerstone CU Union Foundation says it's prepared to assist #CUs & their employees affected by severe storms in Arkansas and Oklahoma.
12 hours ago
In 2014,use of remote deposit capture experienced 13% increase to 51%. But checking a balance continued to B the most common mobile activity
12 hours ago
'Fixing Your Finances' part of @PCUA's #iBelong campaign http://t.co/7j6HO1njog @fox43 @Bellco_CU @Members1stFCU
15 hours ago
Home prices outpacing income growth in 3/4 of U.S. markets @RealtyTrac http://t.co/BQR1w4k822
17 hours ago