Payday lenders sue bank regulators over examiners' use of reputation risk designed to shut them out.
A $306M credit union files 52 letters. CUSO CU*Answers files 129.
A provision in the risk-based capital proposal gives NCUA examiners more authority.
As written, the NCUA's risk-based capital rule tilts the playing field toward banks.
The credit union industry is leading the way with green initiatives, from small shops to the NCUA.
The controversial tool, which demonstrates the effect of the proposal on credit union capital, is currently available to the public.
The leader of a home-based credit union said the NCUA wants to eliminate the remaining 95 credit unions operating out of homes by requiring them to move into commercial office space.
The NCUA says it contacted all home-based CUs and offered them assistance prior to introducing its proposed rule, but the CUs say otherwise.
NCUA Director of the Office of Examination and Insurance Larry Fazio explains the agency's controversial proposed rule.
Government offices, including the NCUA, are closed today due to snow. CUNA and NAFCU offices are also closed.