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.
LAS VEGAS — Some say credit unions, CUSOs get mixed messages about who's responsible for due diligence in business lending.
New York Democrat said the move would inject much-needed funds into local communities when they need it most.
Business services specialist points at MBL exposure, loan loss allowances, dependence on CUSO revenue, high operating expenses.