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ARLINGTON, Va.–NASCUS has filed separate comment letters with NCUA addressing both its proposed changes to the CAMEL rating system and to  proposed rulemaking on the simplification of risk-based capital requirements (RBC).

SPRINGFIELD, Ill.–State-chartered credit unions and banks and most mortgage companies in Illinois are now subject to a new Community Investment Act law.

WASHINGTON—Congress should carefully assess the costs and benefits of imposing a new level of data collection on the already over-complicated tax reporting structure, CUNA, NAFCU and other organizations wrote to the Senate Finance Subcommittee on Taxation and IRS Oversight.

COSTA MESA, Calif.–The average price paid for a preowned vehicle hit a record of $25,463 in April, about $2,800 higher than in the same month last year, according to new data from J.D. Power. The price threshold marks the first time ever that the average used-car price had exceeded $25,000, the firm added.