Eighteen months after it proposed a controversial loan participation rule that would have capped purchases from single originators to just 25% of net worth, the NCUA Board approved a final rule June 20 that significantly relaxed the provision.
Reno credit union recently became first new SBA lender in northern Nevada in nine years.
Now that the NCUA has approved a final loan participation rule, some are still concerned about some of the long-term impacts.
ALEXANDRIA, Va. —The NCUA Board approved a final loan participation rule on Thursday that creates new limits and retention requirements.
Personnel moves follow growth doubling in 2012 and continuing in 2013 for Michigan Business Connection LLC.
Trade lobbyist says member business lending cap would be too controversial to be in California congressman's bill expected to drop this week.
While it’s valid for the NCUA to make risk management a priority when it comes to business lending, recent guidance from the regulator could hinder and discourage credit unions and CUSOs running solid programs.
CUSO association expresses concerns about regulatory targeting hindering solid business lending programs.
Measure similar to proposed legislation in House, would raise cap to 27.5% of assets.
NCUA program officer gets an earful about business loan waivers from NACUSO attendees.