WASHINGTON—While pleased with NCUA’s adoption of a final fixed-assets rule, CUNA is now calling on the agency to deliver guidance on the new regulation.
Fresh Today
ATLANTA–With NCUA having largely eliminated its fixed-asset rule for credit unions, Level5 has introduced a new “Fixed Assets Management Plan,” or FxAMP, that provides real world analysis and guidance.
CINCINNATI—Could Tesla’s manufacturer-direct model, where consumers buy and lease cars directly from the carmaker, someday have an impact on FI lending portfolios, giving automakers’ a much bigger portion of the financing pie?
DALLAS—Registration is now open for Catalyst Corporate’s 38th annual Economic Forum, which will be held October 5-7 at the Omni Mandalay Hotel near here.
FORT WORTH, Texas–During graduation ceremonies here, the Southwest CUNA Management School graduating Class of 2015 presented a check to the Cornerstone Credit Union Foundation totaling $90,649.55.
WASHINGTON–A broad coalition of groups has signed off on a letter to the House Financial Services Committee calling for passage of HR 3192, the Homebuyers Assistance Act, which will provide a reasonable hold-harmless period for enforcement of the of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures (TRID) regulation for those that make good-faith efforts to comply.
DES MOINES, Iowa – The Iowa Credit Union League (ICUL) has redesigned its website at www.IowaCreditUnions.com/ICUL.
WASHINGTON–CUNA is calling on the Senate to disregard efforts by the banking industry to thwart a bill that would provide parity with banks for treatment of one-four family non-owner occupied residential properties.
ALEXANDRIA, Va.–NCUA has released a full set of documents around the Overhead Transfer Rate (OTR) that it uses to calculate the expense of examining state-chartered, federally insured credit unions. That amount is then transferred from the National Credit Union Share Insurance Fund to its operating budget.
ALEXANDRIA, Va.–In response to a letter written by Frank Keating, president of the American Bankers Association, that appeared in The Hill and that was critical of credit unions and their “runaway regulator,” NAFCU CEO Dan Berger called on the bankers to clean up their own messes first.