Arbitration Rule Could Raise the Cost of Credit by 25 Percent "Credit News 24"

A study by the Office of the Comptroller of the Currency (OCC) found that the Consumer Financial Protection Bureau’s arbitration rule is lik...

Fox Communities CU Receives Waivers for Financing Exposition Center "Credit News 24"

The Wisconsin Office of Credit Unions on August 17, 2018 granted a waiver to Fox Communities Credit Union (Appleton, WI) with regard to cons...

CU Business Lending Posted Robust Growth in the Second Quarter "Credit News 24"

The National Credit Union Administration (NCUA) is reporting strong business lending growth at federally insured credit unions during the se...

NCUSIF Equity Ratio of 1.30 Percent Is Not Normal "Credit News 24"

The National Credit Union Administration (NCUA) Board is proposing to increase the normal operating level of the National Credit Union Share...

OMB Stays EEOC Revised Data Collection Requirement "Credit News 24"

The Office of Management and Budget (OMB) on August 29 stayed an Equal Employment Opportunity Commission (EEOC) rule that would have require...

NCUA Proposes Controversial Voluntary Merger Regulation "Credit News 24"

The National Credit Union Administration (NCUA) is in the process of amending its regulations that govern a voluntary merger of a federal cr...

Financial Trades Urge DOD to Clarify MLA Rules, Extend Credit Card Compliance Date "Credit News 24"

Seven financial trade groups wrote to the Department of Defense (DOD) on June 21 urging the department to take additional steps to clarify i...

McWatters: Closing the Stabilization Fund and Reg Relief Are Top Priorities "Credit News 24"

Credit unions can expect more regulatory relief and streamlined operations from the National Credit Union Administration (NCUA) in the futur...

Treasury Recommendations Could Impact Credit Unions and NCUA "Credit News 24"

The United States Department of the Treasury (Treasury) released on June 12th a report, A Financial System that Creates Economic Opportuniti...

Interagency Advisory Addresses Appraiser Shortage, Especially in Rural Areas "Credit News 24"

Responding to concerns over the limited availability of state-certified and -licensed appraisers, particularly in rural areas, the Board of ...

Banks and CUs Are Seeking Part of The Payday Lending Market "Credit News 24"

The Wall Street Journal is reporting that banks and credit unions are hoping that the Trump Administration will block the Consumer Financial...

Bank and Credit Union Executives Express Concerns over Examinations and Regulations "Credit News 24"

Members of the Federal Reserve’s Community Depository Institutions Advisory Council (CDIAC) raised concerns about compliance examination pro...

GAO: Privately Insured CUs Comply with Disclosure Requirements; But Rules Can Be Clarified "Credit News 24"

The Government Accountability Office (GAO) reported that privately insured credit unions largely complied with the Bureau of Consumer Financ...

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...

Be Careful What You Wish For "Credit News 24"

The banking industry, as well as this blogger, has commented that the National Credit Union Administration (NCUA) should allow public commen...

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...

Short-Handed NCUA Board Will Likely Delay Incentive Pay Rule Until the Next Administration "Credit News 24"

Bloomberg is reporting that the Dodd-Frank Act incentive compensation rule is unlikely to be completed during the closing days of the Obama ...

Will Examiners Second Guess Unguaranteed Business Loans? "Credit News 24"

Will the National Credit Union Administration (NCUA) examiners second guess credit union business loans that don't have personal guarant...

Survey Shows Drop in Compliance and Risk Management Concerns "Credit News 24"

Despite a persistently stringent regulatory environment, banks and credit unions are becoming more confident in their compliance and risk ma...