NCUA Plans Quick Action for Final MBL Rule

Despite having received over 3,000 comment letters, NCUA Chair Debbie Matz says that the agency plans to finalize proposed revisions to the member business lending rule “as soon as possible.”  Matz stated that credit unions have demonstrated they can administer member business loans in a safe and sound manner and will benefit from the diversity that MBLs bring to their portfolios. [9/14/15]