ALEXANDRIA, Va.– Well-managed, low-risk federal credit unions with assets of less than $1 billion could move to an extended examination cycle beginning next year, pending approval by the NCUA Board, according to a statement from the agency.
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WASHINGTON–CUNA has filed a 61-page comment letter with the Consumer Financial Protection Bureau regarding its proposed rule on short-term, small-dollar loans.
WASHINGTON–With its 61-page comment letter to the CFPB on its short-term, small-dollar loan proposal now submitted to the agency, CUNA has shared additional details behind the points it makes in its letter, which calls for significant revisions to the rule or, ideally, the exemption of credit unions.
CHICAGO—An advance notice of proposed rulemaking (ANPR) on supplemental capital could be coming in January, NCUA Board Member Mark McWatters said Wednesday.
CHICAGO—A member of the House Financial Services Committee Wednesday described the CFPB as “bureaucracy gone wild,” and emphasized that the Bureau needs to be held accountable to Congress for its actions and decisions.
ALEXANDRIA, Va.–NCUA Chairman Rick Metsger says NCUA’s payday alternative loan rules already protect consumers, and he is asking the Consumer Financial Protection Bureau to fully exempt these loans from its final payday lending rule.
ARLINGTON, Va.—NCUA examiners will accept “reasonable and good faith efforts” by credit unions to comply with the Military Lending Act rules that went into effect this week, the agency stated in a Letter to Credit Unions (16-CU-07).
MADISON, Wis.–The National Credit Union Foundation has named the winners of the 2017 Herb Wegner Memorial Awards.
IRVINE, Calif.—Home prices were up during August both month-over-month and year-over-year, according to the latest CoreLogic Home Price Index (HPI) and HPI.
SANTO ROSA, Calif.—Saying they are seeking economies of scale, the $196-million Community First CU and $222-million Mendo Lake CU have announced plans to merge.