The NCRC recommends the CFPB make public data from all lenders on pricing, denials and even a business owner's personal loans.
The Consumer Financial Protection Bureau's online complaint database should be expanded to include all of the nation’s credit unions and banks, regardless of size, according to National Community Reinvestment Coalition analysis released Oct. 8.
First the good news: The NCUA took some steps in the right direction this week when it announced reforms to its exam process. Chairman Debbie Matz’s letter to credit unions about the changes addressed complaints I’ve been hearing for quite a while.
NCUA reforms a step forward but beware the idea of march toward expanded CFPB authority.
The CFPB’s online complaint database should be extended to include all the nation’s credit unions and banks, regardless of size, NCRC report says.
The Wisconsin Credit Union League is once again calling out bankers, this time on their claims that credit unions are not doing enough to serve the underserved.
Pulling from a 2003 Government Accountability Office study, the Wisconsin Bankers Association offered what it considered evidence that most NCUA examiners do not have enough experience to effectively monitor commercial loans at credit unions.
The secondary capital debate draws deep-seated philosophical arguments from both sides as you've seen in letters to the editor and opinion pieces in this publication and elsewhere,
National Community Reinvestment Coalition President/CEO John Taylor told lawmakers today that credit unions "have not served minority and working communities in a satisfactory manner."
Pulling from a 2003 Government Accountability Office study, the Wisconsin Bankers Association offered what it considered to be evidence that most NCUA examiners do not have enough experience to effectively monitor commercial loans at credit unions.