SAN ANTONIO — The NCUA and other regulators are over regulating to prevent another financial crisis, and CUNA is trying to push back to give credit unions more autonomy. That was the message of CUNA's top executives during a panel discussion at America's Credit Union Conference.
Regulators are overregulating, according to top CUNA executives at its annual conference, who say they're trying to strike a balance.
CUNA Presdent/CEO Bill Cheney and NAFCU President/CEO Fred Becker run rival groups but often talk about issues of importance to the credit union industry.
Here we go again. Saying that it would “expand the options for small businesses at no expense to taxpayers,” Sen. Mark Udall (D-Colo.) last week reintroduced a measure to raise the cap on member business lending from 12.25% of assets to as much as 27.5% of assets.
When Congress returns, credit unions can expect fewer consumer bills, tweaking the financial overhaul bill and new leaders of House and Senate committees that oversee credit unions.
Credit unions portray themselves on Capitol Hill as well-managed, conservative financial institutions. It's not clear whether the necessity for the NCUA to rescue several corporate credit unions will change that reputation.
he Senate last Thursday passed pass a small business lending bill-which includes a $30 billion fund to encourage community
What if the opposition party gains control of parts of government?
The death of West Virginia Democratic Senator Robert Byrd this morning has left it unclear when, or perhaps if, the current financial regulatory reform package passes from Capitol Hill this week.
WASHINGTON -- Credit unions last week received a ray of good news on their goal of raising the cap on member business loans.