Rule finalized in June now to kick in on Sept. 23 instead of July 25, with guidance promised by then.
During his June 27 confirmation hearing, NCUA Board nominee Richard Metsger dodged what might have been his most controversial question. Is raising the member business lending cap a good idea?
For some credit unions and CUSOs, the newly approved changes to the loan participation rule are apt to leave a bittersweet residue within their business loan portfolios.
Randy Udall, brother of Colorado Sen. Mark Udall, did not return from Wyoming mountain backpacking trip.
Dominion’s supplier diversity program seeks out certified minority, female-owned, HUB zone and disabled service veteran-owned enterprises.
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.