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.
Through a new agreement between Equifax and Credit Builders Alliance, nonprofit organizations will be able to report loan data directly to Equifax, expanding its database to include financial information that would help consumers with thin or no files build credit.
WASHINGTON (6/17/15, UPDATED 5:38 p.m. ET)--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.
The Federal Open Market Committee's policy statement, released at the conclusion of its two-day policy-setting meeting today, gave no indication as to when the central bank will raise short-term interest rates.
For nearly 100 years, credit unions have provided credit in good times and bad to their members, including those who own small businesses. Credit unions’ support included providing small business loans during the recent financial crisis when banks dropped the business lending ball. But credit unions’ ability to support those members is jeopardized unless the U.S. Congress passes H.R. 1188, the Credit Union Small Business Jobs Act, CUNA told a key House subcommittee Tuesday.