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Washington
Inside Washington (02/10/2009)
* ALEXANDRIA, Va. (2/11/09)--The National Credit Union Administration (NCUA) has appointed Region V Director Melinda Love as its new director of the Office of Examination and Insurance (OEI) at agency headquarters here. The appointment is effective March 16. Love has served as Region V director for five and a half years, and she also served as director of the former Chicago regional office. Love is a past NCUA deputy executive director. She also has served as deputy director of OEI. Her NCUA career began in 1986 as an examiner in northern California. She is a former principal examiner, problem case officer, supervision analyst, supervisory examiner and acting director of special actions. NCUA Chairman Michael Fryzel said Love’s experience in supervising, assessing and mitigating problems encountered by credit unions in some of the most volatile markets in the country will serve NCUA and the credit union system well … * WASHINGTON (2/11/09)--The Credit Union National Association’s (CUNA) final analysis of Regulation Z is now available. The comprehensive analysis provides additional information on amendments the Federal Reserve Board issued to open-end credit rules under Reg Z. The changes apply to credit cards and merchant-specific credit plans. The final rule includes changes to the format, timing and content requirement for five types of open-end credit disclosures under Reg Z, the Truth in Lending Act ... * WASHINGTON (2/11/09)--The Obama administration met with regulators last week on a plan to provide guidance for a national standard on loan modifications, with details expected to be released later this week (American Banker Feb. 10). President Barack Obama met with Sheila Bair, Federal Deposit Insurance Corp. chairman; James Lockhart, Federal Housing Finance Agency director; John Dugan, Comptroller of the Currency; and Ben Bernanke, Federal Reserve Board chairman. Treasury Secretary Timothy Geithner also is expected to meet with banking companies and Housing and Urban Development Secretary Shaun Donovan Wednesday ...


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