ALEXANDRIA, Va.-While NCUA Chairman Dennis Dollar made it clear that he had the authority to act on agenda items at the January Board meeting, he explained that he felt it inappropriate to cast any votes as the lone board member. The Bush administration has yet to make recess appointments for...

WASHINGTON-CUNA, NAFCU, and other financial services interest groups met last week with House Financial Services staff about the regulatory relief package that Chairman Mike Oxley (R-Ohio) tried to jumpstart last fall. Reg relief issues were placed on the back burner following the attacks of September 11. However, the House Financial...

WASHINGTON-In a recent letter, NAFCU praised NCUA's efforts to streamline the select employee group (SEG) approval process and noted the agency's successes. Agency efficiency has been the hallmark of NCUA Chairman Dennis Dollar's time in the head position and credit unions have been highly receptive to the idea. "In bringing...

FAIRFAX, Va.-In a recent speech to the Northern Virginia Chapter of Credit Unions, NCUA Chairman Dennis Dollar reassured attendees that even with one board member, the agency was up and fully functioning. He has been the sole board member since December 21 of last year when YolandaWheat was told by...

WASHINGTON- The possibility of credit union-friendly Congressman Paul Kanjorski (D-Pa.) losing his congressional seat does not sit well with credit unions, so some are reaching into their own pockets to prevent that from happening this year. Following the completion of the most recent Census data, many states were forced to...

ALEXANDRIA, Va.-In the streamlining frame of mind of the NCUA, the agency has updated and modernized its Web site. NCUA has managed to make the site easier to use and navigate while providing more up-to-date information on government affairs, including information regarding congressional actions and federal legislation affecting to credit...

WASHINGTON-President George W. Bush announced recently his intent to nominate Deborah Matz of Virginia, to the NCUA Board, replacing Geoff Bacino, for the remainder of a six-year term expiring August 2, 2005. Former Chairman Norm D'Amours and former President Bill Clinton recess appointee, Bacino, used up one year each of...

WASHINGTON-The Senate Banking Committee held hearings on predatory lending Jan. 8, specifically addressing yield spread premiums, and their effect on consumers' mortgage rates. Yield spread premiums are basically incentives paid by lenders to mortgage brokers for getting a client to accept a higher interest rate loan than they qualify for....