Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (01/04/2010)
* WASHINGTON (1/5/10)--National Credit Union Administration (NCUA) Supervisory Examiner Hal Krause has left NCUA after 27 years of service (Daily Exchange 1/5/10). Krause began his NCUA career as an examiner out of Philadelphia in 1983. He stayed in that position for 9 years, moved on to become a problem case officer for a few years, and assumed the Supervisory Examiner position for Region II in 1993. He said his proudest moments were helping credit unions succeed. NCUA will focus on transitioning to a 12-month cycle in 2010 from a risk-based exam cycle. Compliance issues like the Bank Secrecy Act are still in focus and credit unions heavy in real estate will see increased scrutiny, he said ... * WASHINGTON (1/5/10)--The Treasury Department is delaying a report on regulatory capital requirements for banks and other financial holding companies. The report, which was supposed to be released at year-end, is still in progress. The report was announced as part of the Obama administration’s plan to revamp financial markets (American Banker Jan. 4) ... * WASHINGTON (1/5/10)--A financial regulatory reform bill will have a tough battle through the Senate, financial observers said. One issue in the bill is a proposed consumer financial protection agency. Sen. Jack Reed (D-R.I.) said that there are several issues with the proposed agency, including enforcement of the agency’s rules and whether rulemaking will be unique to the agency or a shared responsibility (American Banker Jan. 4). The bill, by Senate Banking Committee Chair Christopher Dodd (D-Conn.) also may be very different than what Dodd initially released, said Mark Calabria, former aide to Committee Ranking Member Sen. Richard Shelby (R-Ala.). On Dec. 24, Dodd and Shelby said they were “on track” to make a deal in January. However, Dodd said negotiations can be tricky, and anything could happen in five minutes to change things. A new draft of the bill is expected to be dropped after the Senate comes back from recess Jan. 19. Dodd initially intended to make a deal on the legislation with Shelby last summer ...


RSS





print
News Now LiveWire
#NewsNow: @CUNA-CFA survey results suggest 3-3.5% increase in holiday spending. http://t.co/GjcDvvwfzy
7 hours ago
.@WOCCU promoted financial inclusion as a sustainable development goal at two separate @UN events this month.
8 hours ago
Colo. authorities OK first-ever #marijuana-focused CU #NewsNow http://t.co/77qj6O3bcu
8 hours ago
.@Vancity busts some Black Friday retail myths http://t.co/q8Wht3CcRc
9 hours ago
Things get hairy at #creditunions during #Movember http://t.co/Hc6tYRMSY8
10 hours ago