Counting fees on payday-alternative credit union loans would put them over the DOD cap, Debbie Matz warns.
Proposed and potential rules from the NCUA, CFPB and others are front and center in credit union strategic planning.
Expect the CFPB to scrutinize overdrafts, payday lending, prepaid cards, auto loans and mortgage lending.
As loan growth continues to blossom in the New Year, hopefully it will not be nipped in the bud by overzealous regulators or lack of leadership. Agility is as important in business as it is in volleyball; the ability to adapt to a changing environment is critical. NCUA Chief Economist...
In a consolidating industry, regulatory relief is a necessity, NAFCU leader urges.
The loss of more credit unions is at stake if regulatory burdens do not ease up.
Credit unions can grow lush gardens of members and loans, but only if they aren't viciously pruned by regulators.
The CFPB releases a report critical of current DoD lending protections with its MLA comment letter.
Attorneys general say the DoD's proposal doesn't go far enough and could even result in higher fees.
Request made for payday alternative loan exception under the Department of Defense’s proposed military lending rule.