Bill Would Exclude Business Loans to Vets from MBL Cap "Credit News 24"

Legislation (H.R. 3866) was introduced on September 28 to amend the Federal Credit Union Act by excluding extensions of credit made to veter...

Financial Trades Urge Congress Address Bias in CDFI Fund Allocation Process "Credit News 24"

Seven financial trade associations urged lawmakers to include in the upcoming appropriations bill language that would explicitly reaffirm Co...

Trade Groups Support Structural Change in CFPB to Five-Member Commission "Credit News 24"

In a June 22nd joint letter to House and Senate Appropriations Committee leadership, 22 financial and business trade associations supported ...

NCUA Calls on Congress to Give It Regulatory Flexibility "Credit News 24"

In testimony before the Senate Committee on Banking, Housing, and Urban Affairs on June 22, National Credit Union Administration (NCUA) Acti...

HUD Secretary Signals Possible Policy Shift on PACE Loans "Credit News 24"

Housing and Urban Development (HUD) Secretary Ben Carson signaled this week that the administration may revisit an Obama-era policy on Prope...

CU and Bank Trades Call for the Repeal of the Durbin Amendment "Credit News 24"

In a joint op-ed published in Morning Consult, the heads of seven financial trade associations called for the repeal of the Durbin amendment...

Financial and Housing Groups Support Bills Targeting PACE Loans "Credit News 24"

In a joint letter, financial and housing trade associations on April 24 expressed support for legislation to require more consumer disclosur...

Rep. Luetkemeyer Reintroduces CLEARR Act "Credit News 24"

Rep. Blaine Luetkemeyer (R-Mo.) on April 26 re-introduced the CLEARR Act (H.R. 2133), which would provide relief from certain rules and regu...

78 Privately Insured CUs Eligible for FHLBank Membership at the End of 2015 "Credit News 24"

The Fixing America’s Surface Transportation Act (FAST Act) authorized Federal Home Loan Bank (FHLBank) membership for eligible privately ins...

FCU's Statutory Interest Rate Cap Is Archaic "Credit News 24"

During its February 23rd National Credit Union Administration (NCUA) Board meeting, Board Member Metsger stated that the existing interest r...

Coalition of Conservative Groups Ask Incoming Administration to Preserve NCUA's Business Loan Rule "Credit News 24"

In a letter to President-Elect Donald Trump and Vice President-Elect Mike Pence, a coalition of conservative, libertarian, and free market g...

Rep. Royce Introduces the Credit Union Residential Loan Parity Act "Credit News 24"

Representative Ed Royce (R-CA) introduced on January 10 the Credit Union Residential Loan Parity Act (H.R. 389). According to the press rele...