After 1 in 7 credit unions filed quarterly 5300 reports late, the NCUA announces it will start fining violators.
Late 5300 report fines aside, the NCUA showed commendable restraint at this month’s board meeting when it comes to exerting its powers over credit unions.
While most agree credit unions should file reports on time, industry leaders also think regulator's fines are heavy handed.
CFPB Director reassures Realtors credit unions can still make mortgage loans that don't conform to the bureau's qualified mortgage rule, which took effect Jan. 10.
Credit unions have been preparing to comply with several new mortgage rules that take effect Jan. 10.
CUNA attorney says credit unions will continue to make QM business decisions up to today's compliance deadline.
Senate rules change paved way for Watt's confirmation after Republicans had vowed to block a vote.
Reports say vote to come up on Tuesday, Dec. 10, under new rules after October vote blocked.
As federal tax reform lingers on Capitol Hill, Credit Union Times asked industry experts how the elimination of the credit union tax exemption could impact balance sheets.
Eliminating exemption would change playing field, increasing bottom line and management burden, execs argue.