WASHINGTON-After former President Bill Clinton's ergonomics regulation was shot down by the new Congress following George W. Bush's administration, the Department of Labor and the Occupational Safety and Health Administration (OSHA) are going to bat again. Under the new Republican administration, the rule-if one is created-is expected to be less...

WASHINGTON-In the wake of the release of the Federal Reserve's banking fee study, credit union economists are predicting that credit unions are still a better deal for consumers than banks. Currently, credit unions are not included in the Fed's survey, but both CUNA and NAFCU expect to have their own...

TEMPLE HILLS, Md.-Acting NCUA Chairman Dennis Dollar presented Rev. John Cherry with a federal charter for None Suffer Lack Federal Credit Union in a special ceremony last week. The federal credit union is the newest faith-based credit union in America, scheduled to officially open for business October 1. "The leadership...

ALEXANDRIA, Va.-In line with Acting NCUA Chairman Dennis Dollar's more cost efficient version of the agency, the NCUA Board voted unanimously to approve a resource conserving flexible examination program in conjunction with a quarterly call report process. According to the agency and the credit union trade groups, the savings to...

WASHINGTON-In testimony before the Senate Banking Committee, Aviation Associates Credit Union President/CEO Lee Williams explained that credit unions are part of the solution to the predatory lending problem and that legislation should not be overly inclusive. Many lenders, including CUNA officials, are worried that the term `predatory' has become synonymous...

ALEXANDRIA, Va.-The somewhat lengthy and substantial July NCUA Board meeting covered quite a few big issues for credit unions including the budget and a money saving, flexible examination schedule, but undoubtedly the most noteworthy topic was the new incidental powers regulation. Not only did the final rule have credit unions...

WASHINGTON-While NAFCU and NASCUS had staked out their claims in the overhead transfer rate debate, CUNA's position, representing both state chartered, federally-insured and federal chartered credit unions, called for more delicate handling. CUNA Associate General Counsel Mary Dunn said, "[The overhead transfer rate issue] is driving a wedge between state...

WASHINGTON-With next year's congressional elections creeping up on lawmakers and lobbyists alike, CUNA's PAC - Credit Union Legislative Action Council (CULAC) - is dumping its war chest upon candidates. Many of the congressmen given contributions are members of the Financial Services Committee. Congressman Rubn Hinojosa (D-Texas) received $500 from CULAC...