NCUA has released its new call report form and accompanying instructions, which become effective Sept. 30. For credit unions engaged in commercial lending, most notable are the updates reflecting the January 2017 changes to the member business lending rule.
The U.S. District Court of the Eastern District of Virginia dismissed an Independent Community Bankers of America lawsuit against the agency and its member business lending rule Tuesday. CUNA filed an amicus brief in support of dismissal.
The House passed a CUNA-backed resolution of disapproval Tuesday for the CFPB's arbitration rule. CUNA has a number of concerns with the rule, and sent a letter of support in advance of the House vote.