Credit Union Industry News & Updates

The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.

WHAT’S GOING ON AT CREDIT UNIONS?

Nondiscrimination Requirements

( printed page 1467) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is publishing this proposed rule to remove a redundant and outdated regulation regarding nondiscrimination in lending. While the regulation was intended to...

Chartering and Field of Membership for Federal Credit Unions-Interpretive Rulings and Policy Statements

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board proposes to rescind its Interpretative Ruling and Policy Statement 08-2 (IRPS 08-2). Rescinding IRPS 08-2 would ease the compliance burden on Federal credit unions (FCUs) by limiting the...

Chartering and Field of Membership for Federal Credit Unions-Interpretive Rulings and Policy Statements

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) proposes to rescind its Interpretative Ruling and Policy Statement 10-1 (IRPS 10-1), which was issued as an amendment to IRPS 08-2. Rescinding IRPS 10-1 would ease the compliance...

NCUA Board to Consider Strategic Plan on Jan. 25

The NCUA board will consider its Strategic Plan at its Jan. 25 meeting. The board has been soliciting public comment on the draft plan, which establishes a variety of agency goals and objectives. The board also will consider its 2018 annual performance plan at the...

Credit Unions Fill Loan Gaps for More Students

Credit unions continued to increase their role as secondary lenders for college students last year, with their private student loan portfolios growing faster than those of other private lenders and the federal government. Borrowers requested forbearance on their...

House Panel Approves Bill Exempting Most CUs From CFPB Rules

The House Financial Services Committee Thursday approved legislation that would exempt virtually all credit unions from CFPB rules. Voting 30-25, the committee approved H.R. 1264, which would exempt all financial institutions with less than $50 billion in assets from...

NAFCU Sends Cease & Desist Letter to ADA Law Firm

NAFCU is demanding that a California law firm stop sending letters to credit unions contending that they owe legal damages because their websites do not comply with the Americans With Disabilities Act. In a letter to Scott Ferrell and Victoria Knowles of the Pacific...