Links in “Credit Unions”
- Shelby Reg. Relief Bill Due for Markup Today
As Sen. Richard Shelby's (R-Ala.) regulatory relief bill is scheduled to be marked up by the Senate Banking Committee today, CUNA, and other leagues are advocating negotiation. [5/21/15]
- CUNA: Should the Fed Raise Interest Rates?
"By maintaining near-zero interest rates, is the Federal Reserve helping or hampering the economy?" That was the question used for an hour long debate between two CUNA economists. What would be best for your financial institution? [5/21/15]
- Credit Union Auto Lending Increases Over 20% in 40 States
Aggregate auto loan balances increased by double digits as of March 2015. Nearly every type of lending grew during the first quarter of this year. [5/21/15]
- Dems Present Alternative Reg. Relief Bill
The Senate Banking Committee Democrats offered an alternative regulatory relief bill which contains some provisions but excludes others from Shelby's original bill. One of the missing provisions is the call for public NCUA budget hearings. [5/20/15]
- Judge Dismisses NCUA Suit Against US Bank, BoA as RMBS Trustees
A U.S. District judge dismissed a lawsuit by the National Credit Union Association against U.S. Bank National Association and Bank of America, National Association regarding their duties as trustees of residential mortgage-backed securities. [5/20/15]
- Cost of Mortgage Lending Rises Again
A recent analysis reveals that the cost of mortgage lending rose again and productivity declined in 2014. This is due in part to decreases in volume (because of the shift to purchase lending from refinance activity), and the preparation for the TILA-RESPA integrated disclosures. [5/20/15]
- Blast Off! CFPB Launches Financial Coaching Initiative
In partnership with the U.S. Department of Labor, the CFPB will launch the financial coaching initiative today at 11:30 EDT over a live stream. The initiative is mean to help veterans and vulnerable families with the one-on-one advice of a well-informed adviser. [5/20/15]
- NAFCU tells Congress: CUs Fill Gap in Small-business Lending
NAFCU's Carrie Hunt restated the organizations support for credit unions who work with the Small Business Administration. CUs help to provide loans to member small businesses, a letter stated in a hearing titled "Improving Capital Access Programs withing the SBA." [5/19/15]
- New Senate Reg. Relief Vote Top Priority in Congress this Week
The U.S. Senate Banking Committee markup of Sen. Richard Shebly's (R-Ala.) "Financial Regulatory Improvement Act of 2015" is making waves this week in Congress. Shelby introduced the bill last week, which contains 15 provisions that offer regulatory relief for credit unions. [5/10/15]
- NCUA Board Member will “Champion” Public Budget Hearings
NCUA board member J. Mark McWatters pledged to "champion" the proposal of holding NCUA public budget hearings. He says the idea will lead to greater transparency and accountability. [5/19/15]
