At press time, the National Credit Union Administration (NCUA) and all of the federal banking agencies (except the Office of Thrift Supervision) had approved the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) regulations.
For better or worse, the trend toward fewer but larger CUs continues. The gradual but incessant migration toward fewer but
larger credit unions continues, apparently unimpeded by economic ups and downs.
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.
WASHINGTON (7/29/15 UPDATED 1:30 p.m. ET)--In another state legislative victory that CUNA and the Illinois Credit Union League say underscores the value of the CUNA-league structure in advocating for credit unions, Illinois Gov. Bruce Rauner signed HB 2477 into law Tuesday.