S. 2028 would raise the MBL cap to 27.5% of assets. The NCUA's MBL reform could affect the bill.
MONTREAL - NCUA Chairman Debbie Matz said the DOD may exempt CU small dollar loans from its rate and fee cap.
Credit unions lose two strong Democratic supporters in Mid-Term elections.
Sen. Mark Udall loses in Colorado despite a $400,000 CUNA direct mail campaign.
Both set to meet after the mid-term election to discuss proposal that limits payday lending at credit unions.
Record independent expenditures are funded by CUNA, not CULAC
The Pentagon's proposal is more restrictive than NCUA payday loan alternative rules. Credit cards and overdraft financing also affected.
Read how the midterms could affect credit union legislation and regulation.
Credit unions need a guarantee that a final risk-based capital rule won't put them at a competitive disadvantage to banks.
Two industry heavyweights, NCUA Board Member Michael Fryzel and NAFCU President/CEO Dan Berger, pitch their fixes for the MBL cap.