WASHINGTON (8/6/15)--CUNA will present a webinar Aug. 20 on the National Credit Union Administration’s member business lending (MBL) proposed rule, which is open for comment through Aug. 31.
The free webinar will be hosted by CUNA Chief Advocacy Officer Ryan Donovan, Chief Policy Officer Bill Hampel and Senior Director of Advocacy Lance Noggle.
The NCUA proposed the rule at its June board meeting, and it would remove almost all MBL requirements not present in the Federal Credit Union Act. It would create a new category of “commercial” loans for safety and soundness purposes and use the category of MBLs for compliance with the Federal Credit Union Act’s limitations on member business lending.
CUNA is accepting comments on the proposal through Aug. 24, and is seeking feedback on the following questions:
The webinar is scheduled from 1 to 2 p.m. (ET) Aug. 20, and registration is currently open.