Award for $25,000 recognizes CU’s community impact.
November 9, 2010
Bethex Federal Credit Union, a community development credit union serving the predominantly low-income South Bronx community in New York City, was recognized by the Wachovia Wells Fargo NEXT Awards for its positive community impact.
CUNA compliance staff recently responded to a query if credit unions are required to disclose the numerical value of the military annual percentage rate to borrowers covered under the Military Lending Act.
Following its groundbreaking comprehensive study on regulatory burden, CUNA released its new Regulatory Burden Calculator that allows individual credit unions to assess the impact of regulation on their operations.
After months of advocacy by CUNA, the CFPB Thursday wrote to CUNA announcing it will initiate a rulemaking this summer to address issues with the bureau’s Truth in Lending Act-Real Estate Settlement Procedures Act integrated disclosures rule.