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Hints about future regulations on payday lending from CFPB indicate the rules could effectively shut down alternatives at credit unions.
The CFPB hasn't officially said it is writing new rules, but Director Richard Cordray hinted new regs are underway in a recent payday lending report.
The NCUA's proposal has five flaws, credit union executives say.
State Employees’ Credit Union's Blaine said CUNA and leagues overlooking serious industry issues.
Readers discuss SECU CEO Jim Blaine's remarks about CUNA's dual membership requirement and the effects of industry mergers.
VP of Communications Pat Keefe says CUNA budgets and plans for member attrition and dues waivers, as well as re-affiliations.
CUNA and Carolinas League out $340,000 in membership dues with loss of nation's second largest credit union.
CUNA's largest affiliated credit union, the $27 billion State Employees' Credit Union of North Carolina, will not renew its membership in 2014.
Despite all the risk-weighting, the NCUA can require whatever it wants of your credit union's capital.