TITLE

Regulators, Congress Big Part Of The Problem

PUB. DATE
October 2011
SOURCE
Credit Union Journal;10/24/2011, Vol. 15 Issue 41, p18
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the view of South West Gas Federal Credit Union (FCU) chief executive officer (CEO) John Drake regarding the regulations pertaining to small CUs in the U.S. Drake asserts that many small CUs have closed their businesses due to their lack of resources to hire compliance officers or upgrade their systems to track all requirements. He also reminds the implications when the National Credit Union Administration (NCUA) continues to treat small CUs like large banks.
ACCESSION #
67002321

 

Related Articles

  • LIFTING THE BIZ LENDING CAP.  // Credit Union Magazine;Aug2009, Vol. 75 Issue 8, p30 

    The article presents perspectives on the outcome of lifting the cap in the U.S. It states that if Congress raises the cap, more credit unions probably will provide member business loans. According to Frank Michael, president and chief executive officer of Allied Credit Union, the National Credit...

  • CU Ads Raise Concerns At Local Banks. Roberts, Ed // Credit Union Journal;10/13/2008, Vol. 12 Issue 41, p2 

    The article reports on the regulation intended for the two Texas credit unions (CUs), the Resource One CU and Texas Dow Employees (CU) to stop running advertisements promoting that their deposits are safer than the local banks. Accordingly, a letter from the Texas CU commissioner was given to...

  • Short-Lived Bank-Credit Union Alliance Ends with Field-of-Membership Clash. Reosti, John // American Banker;2/10/2016, Vol. 181 Issue 27, p1 

    The article focuses on the dispute between banks and credit unions in the U.S. due to the proposed overhaul of field-of-membership rules by the U.S. National Credit Union Administration (NCUA). Topics include the opposition of bankers and bank lobbyists to the proposed rules, the possible impact...

  • ABA Sues NCUA Over Field-of-Membership Rule. Freeman, Lisa // American Banker;12/8/2016, Vol. 181 Issue 235, p1 

    The article reports that the American Bankers Association (ABA) has filed a lawsuit against the U.S. National Credit Union Administration (NCUA) over the agency's field-of-membership rules. Topics discussed include the ABA asserting that the rule contradicts the U.S. Congress instruction that...

  • ...Object To Corporate Limits. Birch, Ray; Bartlett, Michael; Freeman, Lisa // Credit Union Journal;11/29/2010, Vol. 14 Issue 48, p1 

    The article reports on the opinions of credit unions (CUs) regarding the National Credit Union Administration's (NCUA) proposed amendment which prevents natural person credit unions (NPCU) from affiliating to more than one corporate credit union in the U.S.

  • CUNA Comments on NCUA Proposals.  // Credit Union Directors Newsletter;Jul2010, Vol. 34 Issue 7, p2 

    The article focuses on the Credit Union National Association's (CUNA) comment of the National Credit Union Administration's (NCUA) proposed changes of the fiduciary duties of federal credit union directors and executives in the U.S.

  • NCUA Selects New Executive Director. Davidson, Kate // American Banker;10/22/2012, Vol. 177 Issue 161, p2 

    The article announces that Mark Treichel has been selected as the executive director of the National Credit Union Administration.

  • ICBA: CU Collapse a Wake-Up Call on CU Business Lending.  // Pratt's Letter;4/2/2012, p2 

    The article reports on the Independent Community Bankers of America's (ICBA) opposition to the legislation S.2231 which involves an increase in the business lending limit of a credit union by the National Credit Union Administration (NCUA) from 12.25 to 27.5 percent of total assets.

  • TIPS,Rural Districts Approved. ANDERSON, HEATHER // Credit Union Times;2/27/2013, Vol. 24 Issue 8, p5 

    The article informs that the U.S. National Credit Union Administration (NCUA) board has approved two rules including the expansion of the maximum threshold limit for rural district membership to 250,000 and the other allowing credit unions to purchase Treasury Inflation Protected Securities.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics