In a unified show of support for legislation that will right size regulation for credit unions, the Northwest Credit Union Association and Nampa, Idaho-based Northwest Christian Credit Union joined Sen. Mike Crapo (R -Idaho) at a Boise news conference Feb. 20 in support of S. 2155.
The Economic Growth, Regulatory Relief and Consumer Protection Act, would provide much-needed regulatory relief for credit unions and banks and lower the cost of borrowing for thousands of Indiana businesses, Kevin Ryan, president/CEO Financial Center First CU, Indianapolis, wrote in an op-ed that appeared in the Indy Star.
More than 100 Pennsylvania lawmakers hosted credit union advocates in their offices this week as the Pennsylvania Credit Union Association held its annual Credit Union Legislative Day at the Capitol in Harrisburg.
ALEXANDRIA, Va. (6/18/15 UPDATED 11:54 a.m. ET)--The National Credit Union Administration voted 3-0 today to propose a member-business loan rule that will provide federally insured credit unions with greater flexibility and reduce regulatory burden for credit unions participating in member-business lending.
The House Appropriations Committee has adopted language by voice vote that reflects the concerns of CUNA and credit unions regarding the National Credit Union Administration's continuing work to issue a risk-based capital regime for credit unions.
There will be a delay of the effective date of the Consumer Financial Protection Bureau's Know Before You Owe rule, which includes the Truth-in-Lending Act and Real Estate Settlement Procedures Act Integrated Disclosures regulation.
CUNA in a comment letter to the Consumer Financial Protection Bureau Wednesday addressed four areas of the credit card market with this overall message: Because member-owned cooperative credit unions have a vested interest in already ensuring their fees and rates are appropriate and fair, they should not be burdened by additional, cumbersome regulations.
A majority of the Federal Open Market Committee would like to see the central bank raise short-term interest rates twice before the turn of the calendar year, a review of the “dot plot” that accompanies the FOMC’s policy statement, released Wednesday, has found.
More than 3,000 letters from credit union supporters were sent to California state legislators last week in support of a bill that would require retailers to enhance their security standards for the storage of all personal information, including financial information.
Among the six issues on today’s agenda for the National Credit Union Administration’s open board meeting is member business lending--a topic noted by Chair Debbie Matz as part of the agency’s regulatory relief efforts this year.
The housing market could soon receive a boost, as more than 1.5 million homeowners who got pinched by the financial crisis may have the ability to re-enter the market over the next three years, according to a recent study by TransUnion.
The Federal Housing Administration has extended options in its revised policy deferring reverse-mortgage foreclosures against eligible non-borrowing spouses that normally would be triggered by the death of the last surviving mortgage borrower.