WASHINGTON (7/31/09 UPDATED 9:10 a.m. ET)—Deborah Matz’s nomination to the National Credit Union Administration (NCUA) board was approved by unanimous consent last night by the Senate Banking Committee.

CUNA continues its efforts to address what is for credit unions a troublingly short compliance framework for new Federal Reserve Board rules implementing the Credit Card Accountability, Responsibility and Disclosure (CARD) Act.

The ongoing recession is taking its toll on credit union lending, according to a CUNA economist’s analysis of CUNA’s monthly sample of credit unions for June.

Mazuma President/CEO Rob Givens put Federal Reserve Board Chairman Ben Bernanke on the record by questioning Bernanke about the changing landscape of consumer protection during a special edition of “NewsHour with Jim Lehrer” Sunday.

The future of financial regulation will look different thanks to the current global economic crisis, said Karl Cordewener, deputy secretary general of the Basel Committee on Banking Supervision, at the World Council of Credit Unions’ World Credit Union Conference.

The demand for credit union small business loans is up, a CUNA economist told CNBC.

A Web services provider that caters to small and mid-sized online retail businesses announced last week that hackers had broken into its servers and stolen information on 573,928 debit and credit card accounts from 4,343 customers during the past three months.

The National Credit Union Administration in guidance released on Wednesday said that while a number of credit unions are interested in offering short-term loans to their members, credit unions should use these programs to provide their members with a bridge from short-term loans to “more mainstream products and services.”

The Credit Union National Association believes that it is preferable to remain open to discussing the Obama administration’s plan for a Consumer Financial Protection Agency and other ongoing financial reform efforts with lawmakers, CUNA vice president of legislative affairs Ryan Donovan told The Hill newspaper.

WASHINGTON (7/30/09 UPDATED 9:45 a.m. ET)–Rep. Paul Kanjorski (D-Pa.) today introduced legislation that would lift the member business lending cap for credit unions to 25% of their total assets, doubling the current statutory cap of 12.25%.