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Washington
Inside Washington (06/23/2011)
* WASHINGTON (6/24/11)--The National Credit Union Administration (NCUA) has introduced two new online communication systems. NCUA Express is a voluntary electronic notification system that allows subscribers to receive email or RSS feed announcements anytime something gets posted to the NCUA website. NCUA Express subscribers can now customize and manage their announcement list to receive specific types of notifications. With the changes announced Thursday, anyone interested in credit union issues may register to receive updates about NCUA’s activities. New subscribers to NCUA Express can sign up online. Existing NCUA Express users will automatically be ported over within the next few weeks to the new platform, so no further action is required from current subscribers. NCUA Dispatch, a new e-mail notification service, will electronically blast notices to credit unions’ and state regulators’ official e-mail accounts. NCUA Dispatch will eventually replace most paper mailings. There is no need to sign up for the NCUA Dispatch service, as it will go to the intended audience as necessary … * WASHINGTON (6/24/11)--Three U.S. Senate Democrats have publicly called for the Obama administration to replace Acting Comptroller of the Currency (OCC) John Walsh, a Republican, after Walsh said regulators are in danger of going too far to stop risk-taking by big banks. Jack Reed (D-R.I.), Carl Levin (D-Mich.) and Jeff Merkley (D-Ore.) are upset about Walsh’s statements that bank capital requirements are too high and that regulators should be cautious about how much more they require the largest banks to hold, an issue foreign and U.S. regulators are currently negotiating (The Wall Street Journal June 23). “Mr. Walsh’s suggestions that capital requirements should be reduced are counter to what every other regulator has told us,” Reed said in a statement. “Just last week, staff from the OCC told the Senate subcommittee on financial institutions and consumer protection that the ‘financial crisis underscored the importance of strong capital cushions’ and that the OCC was working to ‘strengthen capital and liquidity standards.’” Walsh became the OCC’s interim head last August when John Dugan completed his five-year term …


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