CUNA continues to have grave concerns with the Federal Accounting Standards Board credit impairment proposal, concerns it expressed in a letter to National Credit Union Administration Chair Debbie Matz Tuesday.
Following its decision to continue federal credit unions’ current interest rate ceiling until March 10, 2017, the National Credit Union Administration issued a Letter to Federal Credit Unions both announcing the rate decision and offering more information.
The Consumer Financial Protection Bureau and prudential regulators generally coordinate their regulatory oversight activities but further opportunities exist, according to a joint report released last week from the regulators’ Offices of the Inspectors General.
WASHINGTON (7/29/15 UPDATED 2:18 p.m. ET)--The Federal Open Market Committee is maintaining the federal funds rate, citing “moderate” expansion of U.S. economic activity in its post-meeting statement this afternoon.