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
UDAP NCUSIF report stand alone on NCUA agenda
ALEXANDRIA, Va. (1/29/10)—Today’s National Credit Union Administration (NCUA) open board meeting, the first of the new year, is expected to be relatively short and sweet with just a UDAP action and insurance fund report on the agenda. The agency announced last week that it will consider withdrawing a final rule that addresses Part 706 of its Unfair and Deceptive Practices rules. The Credit Card Accountability, Responsibility and Disclosure Act of 2009 (Credit Card Act) essentially codified the final rule and would supersede the rule to the extent there were differences among the provisions, a point made by the Credit Union National Association in a comment letter to the agency. The board will also be updated on the status of the National Credit Union Share Insurance Fund during the meeting. A closed meeting of the board--during which the NCUA will discuss supervisory activities and personnel matters--will follow the open session. It is unusual for an open board meeting to be scheduled for any day other than the third Thursday of the month; however, the agency had an off-site senior staff planning session that presented a scheduling conflict. All other 2010 board meetings are currently scheduled for Thursdays.


RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
4 hours ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
5 hours ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
7 hours ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
8 hours ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
9 hours ago