PRESS RELEASE
February 1, 2008
BOSTON, MA. — The second stop on NASCUS’ 2008 Regional Regulator Meetings schedule was Boston on February 8, where regulators from seven states met with NASCUS for face-to-face dialogue on regulatory priorities and emerging issues.
NASCUS management and Chairman George Reynolds (GA) joined state regulators from the Northeast representing Connecticut, Massachusetts, Maine, Pennsylvania, Rhode Island and Vermont at the offices of Massachusetts Division of Banks, the meeting’s co-host. State regulators focused discussion on current economic challenges, effects of the subprime lending market, credit quality, member business lending and unrelated business income tax (UBIT).
“As NASCUS continues to meet with regulators across the country, we are learning that there are certain topics on all regulators’ minds, as well as issues unique to each region,” said Reynolds. “What we are gaining from each region is critical to NASCUS’ advocacy efforts in both Washington, D.C. and within the states.”
NASCUS recently met with regulators on the West Coast in San Francisco, California on January 29. The next meeting will be held in Chicago, Illinois on June 11 followed by the last meeting of the series on September 18 in Nashville, Tennessee.
Information
Contact:
Kate Hartig, Director, Communications and Public Affairs,
(703) 528-0669 or kate@nascus.org
The
NASCUS mission is to enhance state credit union
supervision and advocate a safe and sound state
credit union system. Founded in 1965, NASCUS
represents all 48 state and territorial credit
union supervisors and the NASCUS Credit Union
Advisory Council, which is made up of nearly
500 of the nation's more than 3,300 state-chartered
credit unions.
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