NCUA’s new member business lending rule, effective Jan. 1, is one of the biggest changes to credit union business lending in decades. The agency received hundreds of comments from credit unions supporting the proposal and outlining how it would help them better serve their members.
The new CUNA Business Lending Roundtable, Dec. 8-9, 2015, in Tempe, Ariz., combines expert Q&A panels with networking and brainstorming events to provide an in-depth look into hot business lending topics.
CUNA’s compliance staff was recently asked about a garnishment order for a member’s that receives federal benefits. The credit union determined the member did not have enough and the member asked the order be paid in full using those funds.