adminThe Independent Community Bankers of America filed suit in federal court yesterday, challenging the NCUA’s new MBL rules, contending that the regulations allow credit unions to exceed limitations on business loans that were established by Congress...
The Department of Defense (DOD) issued a final rule in July 2015 to amend the regulation that implements the Military Lending Act (MLA). Credit unions must comply with the rule for closed-end and open-end consumer credit other than credit card...
The Alabama Senate passed a resolution this week establishing a 14-member task force to discuss budget reforms. The task force will consist of seven senators and seven members of the House of Representatives and will begin meeting no later than Sept...
According to a National Credit Union Administration report yesterday, the credit union system performed solidly in the second quarter with loans rising at a double-digit pace over the year with growth in every major category. New auto loans rose 15...
The National Credit Union Foundation’s (NCUF) board of directors announced approval of new Biz Kid$ Financial Education Grants for 2016-2017, including grants to the Southeastern Credit Union Foundation (SECUF) and Tallahassee-Leon Federal...
Mike Barton, who has served as president of the National Credit Union Administration’s Asset Management and Assistance Center for 17 years, has announced he will retire Sept. 30. NCUA Region IV Director C. Keith Morton will assume Barton’s...