WASHINGTON—Credit union loans outstanding grew 0.56% in November, compared to an 0.64% increase in October, according to CUNA’s Monthly Credit Union Estimates for November 2019.
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ALEXANDRIA, Va.—In response to NCUA's decision to extend the 18% loan interest rate ceiling until Sept. 10, 2021, NAFCU is urging the agency explore the adoption of a variable interest rate, and encouraged the board to publish an advanced notice of proposed rulemaking (ANPR).
ARLINGTON, Va.—The U.S. economy grew by 2.1% in the fourth quarter, remaining unchanged from its third quarter pace, according to the Commerce Department's initial GDP estimate.
ALEXANDRIA, Va.– NCUA has issued six prohibition notices and one prohibition order.
VLI Coverage: NCUA’s McWatters, NASCUS’ Ito Talk CU/Bank Acquisitions, Tax Exemption, LIBOR and More
KOLOA, Kauai–A member of the NCUA board and the head of a trade group for state regulators weighed in here on questions ranging from CU acquisitions of banks, the CU tax exemption, the pending demise of LIBOR and more.
WASHINGTON–The House has passed the Comprehensive CREDIT (Credit Reporting Enhancement, Disclosure, Innovation and Transparency) Act of 2020, which aims to reform certain aspects of the credit bureaus.
WASHINGTON—Ahead of the House Financial Services Task Force on Financial Technology hearing to discuss the rise of mobile payments, NAFCU Vice President of Legislative Affairs Brad Thaler urged the task force "to support efforts to allow all types of credit unions to add underserved areas to their fields of membership."
WASHINGTON—New data from the CFPB has found that small business lending has increased following the Great Recession, but lenders in the median county made half the number of loans per business in 2017 as they had in 2004.
WASHINGTON—CUNA and NAFCU have weighed in again with the Federal Communications Commission regarding what both trade groups say are the negative effects of current rules in place to combat illegal robocalls.
WASHINGTON—A bipartisan group of senators is interested in establishing a cybersecurity leader for each state in order to increase the states' abilities to respond to cyberattacks.