WASHINGTON- The U.S. Public Interest Research Group (U.S. PIRG) and the Consumer Federation of America (CFA) unveiled their combined study of payday lenders and the tactics they use to evade state laws regarding rates and disclosures at a Nov. 13 press conference. The two consumer groups accused payday lenders of...

WASHINGTON-The U.S. Court of Appeals for the District of Columbia ruled November 9 in favor of credit unions in the bankers' appeal of their lawsuit over NCUA's chartering and field of membership manual (American Bankers Association v. National Credit Union Administration, et al). "Except for one claim that we dismiss...

ALEXANDRIA, Va.-In a lengthy meeting, the NCUA Board approved several key measures, including Reg-Flex and the budget, overhead transfer rate, and operating fee for fiscal year 2002. NCUA Chairman Dennis Dollar highlighted that this was the first time all three aspects of the budget were considered at the same meeting....

ALEXANDRIA, Va.-NCUA Chairman Dennis Dollar traveled to New York City Tuesday, November 6 to meet with New York state credit union regulators, leaders of two New York City credit unions impacted by the September 11 events, and visit the site of the former World Trade Center. "These credit unions have...

WASHINGTON-The Office of the Comptroller of the Currency (OCC) issued guidance on managing the risks that arise when national banks have business relationships with third parties. The issue has jumped to the forefront after evidence of money laundering and other crimes were committed in financing the terrorist attacks of September...

WASHINGTON-Spending less does not mean less holiday cheer. According to the second annual holiday spending survey conducted by CUNA and the Consumer Federation of America (CFA), holiday shoppers will cut back on spending, but not much over last year. Additionally, the study found that consumers were less concerned about debt...

ALEXANDRIA, Va.-While CUNA and NAFCU expressed their support for the flexible examination schedule in conjunction with quarterly 5300 reporting, both wrote in official comment letters that smaller credit unions need additional flexibility. The trade associations pointed out that the new exam schedule would have benefits not only for credit unions,...

WASHINGTON-Contrary to popular belief, economics is not all about numbers crunching. It's about telling a credit union board how the numbers could affect their credit union. Likewise, economics is not all that economists live for. For CUNA Chief Economist Bill Hampel, it's about the open road. Hampel, an avid cyclist,...