Reps. Tom McClintock (R-Calif.) and Eleanor Holmes Norton (D-D.C.) became the latest legislators to express support for the National Credit Union Administration’s member business lending proposal this week.
Credit union stakeholders have the remainder of August to comment on the National Credit Union Administration’s member business lending proposal, with resources available from CUNA on the proposal itself and its effect on credit unions.
President Barack Obama sent greetings Thursday to those celebrating International Credit Union Day. CUNA worked closely with the White House on the statement, and a number of credit union-friendly legislators also weighed in with the White House.
The NCUA’s revised supervisory approach to interest rate risk is covered in a recent Letter to Credit Unions (16-CU-08). The new standardized approach is designed to increase focus and resources toward higher risk credit unions.
CUNA’s Strategic Communications Department teamed up with The Wall Street Journal this week on an infographic illustrating the differences between credit unions and banks. The graphic ran in print today, on International Credit Union Day.