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.
Two bank lobby groups strongly advocated last week for its elimination and Congress begins writing tax reform legislation.
ALEXANDRIA, Va. —The NCUA Board approved a final loan participation rule on Thursday that creates new limits and retention requirements.
CFPB creator now Massachusetts senator wonders aloud at hearing if time has come for separate systems for big and small FIs.
NAFCU last week released its IRS 990 form for 2012, which reveals a significant increase in base salary from 2011 for President/CEO Fred Becker, as well as part of his retirement payout.
Base pay increase, retirement plan payout boost retiring trade CEO's bottom line.
CFPB on Wednesday issued an amended final qualified mortgage rule that provides new exemptions for small lenders.
NAFCU has added CFPB Director Richard Cordray to the speaker list for its 46th annual conference set for July 9-13 at the Hynes Convention Center in Boston.
Fed said data it collected show all networks provided a higher average interchange fee to exempt issuers than non-exempt issuers in 2012.
Senior vice president now executive vice president.