Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (08/05/2010)
* ALEXANDRIA, Va. (8/6/10)--National Credit Union Administration board member Gigi Hyland at this week’s National Directors’ Convention urged credit union directors to serve as the “voice” of their members and “ask the tough questions at board meetings.” “You are not management’s rubber stamp,” Hyland added. She also suggested that boards, management and staff should be as diverse as their credit union’s field of membership. Hyland empathized with the rigors of serving as a credit union director, saying that “staying abreast of current issues and trends is tough.” However, she added, directors can “use all of the resources available” to stay current on issues … * WASHINGTON (8/6/10)—While many federal regulators acquired new authorities following the enactment of comprehensive financial regulatory reform, American Banker this week reported that the Office of the Comptroller of the Currency (OCC) may be losing its influence. While past law advised the Federal Reserve to share some of its duties related to large national financial institutions with the OCC, the recently enacted reforms grant the Fed greater authority over large-institution oversight. While most are unsure of how this change in oversight authority will play out, the Banker reported that many within the OCC are concerned. However, there are others who feel that the Fed will still lack the resources to deal with this nascent authority, and, thus, the OCC will retain its current role in full, said the publication. Former Comptroller of the Currency Bob Clarke told the Banker that the OCC and the Fed would “have to sit down and sort out what kind of information the Fed is going to want” as part of its systemic-risk authority …


RSS print
News Now LiveWire
.@RepDennyHeck to @NWCUA Amplify conference audience: "More often than not, CUs are part of the solution"
11 hours ago
LA Laker and NBA Legend Earvin "Magic" Johnson was the keynote speaker Tuesday @CCULReach, hosted by the Cal/Nev #CreditUnion Leagues
12 hours ago
.@growfinancial's #salsa sensation spices up seed giveaway #NewsNow http://t.co/rKmWVwwzot
13 hours ago
.@TheNCUA Office of Small CU Initiatives soon--maybe Nov.--will launch website for #CUs 2 research #creditunion vendors or service providers
13 hours ago
.@TheNCUA says late 2Q Call Report filers 2 pay total of $17,111 in penalties.Individual penalty range is $52 to $1,824;median is $256. 2of2
13 hours ago