WASHINGTON–In advance of today’s House hearing by the Committee on Financial Services on the NCUA budget, CUNA, NAFCU and NASCUS have filed comment letters calling on Congress to address with NCUA everything from the revised RBC proposal to third-party vendor authority to the overhead transfer rate to exam cycles.
ALEXANDRIA, Va.–The NCUA Board will be meeting today with at least one agenda item likely to generate some controversy and debate.
ARLINGTON, Va.–The National Association of State Credit Union Supervisors has created a brief video that explains the purpose and mechanics of the overhead transfer rate (OTR), including its impact on state-chartered credit unions.
WASHINGTON–A Senate Subcommittee has passed the Financial Services and General Government Appropriations Act for 2016, which seeks to provide regulatory relief, on a 12-10 vote along party lines.
CHIGAGO and WASHINGTON–The Mortgage Partnership Finance Program announced it has issued its first security guaranteed by the Government National Mortgage Association (Ginnie Mae).
OSHKOSH, Wis.–A former employee of Oshkosh Central Credit Union has been ordered to stand trial in a civil case involving $1.7 million in missing cash.
NEW YORK—The national consumer credit default rate increased in June, according to a new report.
BURLINGAME, Calif.—Consumers prefer to pay in person with their debit card over all other payment types, because it is convenient and they see it as “real money.”
CUMBERLAND, Ga.—Delta Community CU is moving and expanding its headquarters, leasing space in new 299,000-square-foot office building that will be completed in 2017.
HARRISBURG, Penn.—Pennsylvania State Employees Credit Union is stepping up to offer a special loan to tide over employees of the Pennsylvania General Assembly during this state’s budget impasse.
