In comment letters, bankers say the NCUA’s proposed changes to the MBL cap calculation defy Congress.
Trade group asks Obama to consider adding a CEO as representative of community lenders.
Topping the list is an MBL cap exception for credit unions with an established program history.
NAFCU leader says while Congress continues to mull MBL reform, the NCUA can help credit unions by modifying its rules.
Let there be no doubt that credit unions’ federal tax exemption is something our industry is going to have to fight for in order to keep.
Bankers one step away from Transaction Account Guarantee extension without MBL; CUNA says it will continue opposition.
Trade group now says member business lending cap hike may be dead in the water for this year.
Over the past 24 years, when banks were pulling back on lending to businesses, it appears credit unions were quietly and consistently stepping in to fill the void.
Between 1986 and 2010, credit unions may have provided extra business loans in response to a reduction in activity from banks.
Crippled by mounting commercial loan losses, the $1.6 billion Texans Credit Union was placed in conservatorship on April 15 by the NCUA.