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WASHINGTON–NAFCU has hand-delivered  a letter to new Bureau of Consumer Financial Protection Director Kathy Kraninger in which it outlined the association’s top tenets and priorities, in addition to providing a more detailed discussion of the priorities that specifically concern the Bureau.

WASHINGTON—The Bureau of Consumer Financial Protection will issue a proposal to revise its current “No-Action” letter policy, CUNA reported.

WASHINGTON—NAFCU told Congress the Current Expected Credit Loss (CECL)] standard is an unnecessarily complex accounting method for credit unions and only adds to mounting regulatory stress.

ANCHORAGE, Alaska–At least one credit union branch suffered sufficient damage from the 7.0 magnitude earthquake here that it had to be closed, while other CU branches were closed over the weekend as damage is assessed and power remained out and roads repairs were under way in some area

TUKWILA, Wash.—Documents provided to CUToday.info provide far more detail into what the $19-billion BECU envisions for a potential cooperative savings bank charter to which it and other CUs might someday convert.

WASHINGTON—Outstanding consumer credit at credit unions grew at a faster rate in October, according to the Federal Reserve.

GRAND RAPIDS, Mich.—Lake Michigan Credit Union here has agreed to purchase a branch of CCF Bank, a subsidiary of Citizens Community Bancorp.

WASHINGTON–Rep. Cedric Richmond (D-LA) has introduced the American Housing and Economic Mobility Act in the House, which seeks to reduce rent costs and provide greater access to home ownership through first-time homebuyer payment assistance. 

NEW CASTLE, Del.–The Del-One Foundation of Del-One FCU donated an additional $2,000 to the Sussex County Foster Parent Association as part of Del-One’s Annual Give Back campaign.

MADISON, Wis. – CUNA Mutual Group has acquired Portland, Ore.-based Mirador, a financial technology startup company that it said delivers a seamless experience for borrowers and lenders through a completely digital small business lending platform, the company said.