Comment letters responding to an NCUA proposal to create a Dodd-Frank mandated Minority Depository Institution preservation program generally support the effort, but some question the costs and need to create a new program.
Proposed rule boosts maximum asset size for small credit union from $10 million to $30 million, granting regulatory relief to more than 1,600 credit unions.
NAFCU expects to submit its comment letter on proposed rule by Thursday's deadline.
Trade group urges new agency to refrain from new rules and limits on courtesy pay programs.
NAFCU, CUNA counsels recommend changes in shortened version.
No more. That’s CUNA’s message to the NCUA when it comes to regulations. In a 15-page letter to NCUA Chairman Debbie Matz, the trade association said it wants the regulator not to issue any new regulations during the next six months, and after that to do a better job of justifying the...
The NCUA is going back to the drawing board on its CUSO rule and the industry is happy.
CUNA asks for regulatory slow down.
ALEXANDRIA, Va. — CUSOs would have to submit financial reports to the NCUA and there would be limits on the investments certain credit unions can make in CUSOs, according to a proposed rule the NCUA sent out for comment on July 21.
Trades seek to forestall additional consumer regulation.