Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Data collection on Thursday NCUA agenda
ALEXANDRIA, Va. (5/19/08)--The National Credit Union Administration’s (NCUA’s) has four items on its open meeting agenda this week, including an Outreach Task Force (OTF) recommendation on data collection on credit union membership profiles and possible changes to criteria used to approve service to underserved areas. Mary Dunn, deputy general counsel of the Credit Union National Association (CUNA), said Friday that CUNA feels strongly that such initiatives should not be undertaken during the current economic environment and that if NCUA does proceed, data collection is a matter that credit unions should be allowed to comment on. “We will be closely scrutinizing how NCUA handles this matter as well as NCUA’s proposed action on underserved areas.” Dunn said. Other aspects of the task force report, including executive compensation, could be discussed during the meeting Thursday. At its April open meeting, the NCUA board proposed action on the first of the recommendations of its OTF, which was to change the agency’s low-income designation to consider different income patterns in metropolitan area. Also on the May 22 agenda:
* Board Briefing: Proposed Rule - Part 706 of NCUA’s Rules and Regulations, Unfair or Deceptive Acts or Practices; and * Proposed Rule: Part 721 of NCUA’s Rules and Regulations, Incidental Powers.


RSS print
News Now LiveWire
96 #creditunions across Britain have applied for funding from Lloyds Banking Group #CreditUnion Development Fund http://t.co/quq3OEE0Qq
13 hours ago
Eight new ideas hatched from @fileneresearch innovation incubator #NewsNow http://t.co/h6Ev6q3HnQ
13 hours ago
Homebuilder confidence continues to climb #NewsNow #Market http://t.co/UTBSpmoeZD
15 hours ago
Mich. league issues 4th consecutive dues rebate #NewsNow http://t.co/MGxMRRLrkb
16 hours ago
Passwords: It's not what you type, it's *how* you type via @Forbes http://t.co/QsPjmGjA4K
16 hours ago