Concentration risk is low, diversification benefits touted.
Credit unions left out on Interest on Lawyers Trust Accounts and member business lending in Transaction Account Guarantee bill.
Trade group now says member business lending cap hike may be dead in the water for this year.
Transaction Account Guarantee extension suddenly seen as unlikely, raising questions about member business lending cap tagalong.
The Vermont clash over the words “bank” or “banking” widened last week as CUNA, two state leagues and credit union executives weighed in.
ATM disclosure requirement that passed the House last week will have to return before becoming law, thanks to new package created in the Senate Tuesday.
Credit union-backed candidates didn’t win them all in Tuesday’s state primaries, but the industry did score some major wins in California and New Mexico.
Trades say no indication that credit union tax exemption on the firing line.
The Consumer Financial Protection Bureau has granted CUNA’s request for a deadline extension for comments on overdraft programs. The new deadline is June 29.
Former credit union lobbyist Marvin Umholtz said the industry shouldn’t fear a new banker super PAC, saying the Friends of Traditional Banking PAC, will function “more like a scalpel than a battle axe.”