Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NCUA to testify Thursday on underserved consumers
WASHINGTON (9/21/11)-- National Credit Union Administration (NCUA) Executive Director David Marquis is scheduled to testify Thursday at 9:30 a.m. (ET) before the House Financial Services subcommittee on financial institutions and consumer credit. The topic: “An Examination of the Availability of Credit for Consumers.” Marquis is part of a first panel of witnesses, which also will include Barry Wides, deputy comptroller for community affairs, Office of the Comptroller of the Currency, and Robert Mooney, deputy director for consumer protection and community affairs, Federal Deposit Insurance Corp. A second panel of witness is expected to include Gerri Guzman, executive director, Consumer Rights Coalition, Melissa Koide, vice president of policy, Center for Financial Services Innovation, Ryan Gilbert, CEO of Bill Float, Michael Grant, president, National Bankers Association, and Dr. Kimberly Manturuk, research associate, University of North Carolina Center for Community Capital. Also on the calendar for Thursday, the NCUA is scheduled to vote on its final rule on “Net Worth and Equity Ratio Definitions.” In March, the agency proposed amending the Federal Credit Union Act's definition of net worth for natural-person credit unions under NCUA's Prompt Corrective Action authorities to allow the NCUA's Section 208 Assistance made to troubled credit unions to qualify as regulatory net worth.


RSS print
News Now LiveWire
.@RepDennyHeck to @NWCUA Amplify conference audience: "More often than not, CUs are part of the solution"
10 hours ago
LA Laker and NBA Legend Earvin "Magic" Johnson was the keynote speaker Tuesday @CCULReach, hosted by the Cal/Nev #CreditUnion Leagues
11 hours ago
.@growfinancial's #salsa sensation spices up seed giveaway #NewsNow http://t.co/rKmWVwwzot
11 hours ago
.@TheNCUA Office of Small CU Initiatives soon--maybe Nov.--will launch website for #CUs 2 research #creditunion vendors or service providers
11 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
12 hours ago