Credit union trade associations shrugged off a 2014 budget amendment passed by the Senate March 22 that would “establish a deficit-neutral reserve fund to address the disproportionate regulatory burdens on community banks,” according to a release from sponsor Sen. John Boozman (R-Ark.).
NAFCU, CUNA join bankers, real estate lobby in supporting move to stop Fannie Mae, Freddie Mac fees going to pay off deficit.
Properly implemented, the CSA process is an extremely effective risk management tool that can help auditors, examiners and the credit union with the compliance burden.
Trade group also indicates "strong support" for agency's efforts to find ways for credit unions to use the investment tools.
A new deal from Open Lending Inc. will allow it to become the insurance provider for a program that provides default insurance coverage for credit union auto loans.
Open Lending Inc. has inked a deal with AmTrust Financial Services Inc. to become the insurance provider for a program that provides default insurance coverage for credit union auto loans.