Request made for payday alternative loan exception under the Department of Defense’s proposed military lending rule.
ABA Economist Keith Leggett says a lot of controversial things about credit unions. Here are five of his best.
Industry nemesis Leggett will retire from the banking trade association, but will continue writing his critical Credit Union Watch blog.
Former credit union lobbyist Marvin Umholtz said the industry shouldn’t fear a new banker super PAC, saying the Friends of Traditional Banking PAC, will function “more like a scalpel than a battle axe.”
Despite the threat of a new banker Super PAC, CUNA says it has no plans to create a similar campaign fundraising mechanism for credit unions.
Of the nearly 70 comment letters the NCUA has received so far in reaction to its proposed amendments to the CUSO rule, it’s no surprise that the majority are opposing the measure.
The American Bankers Association said more limits are needed on the types of credit unions that can invest in CUSOs.