Ignoring Metsger’s request to let the NCUA handle exam cycle adjustments, Rep. Guinta introduces new legislation.
In one year ending in Q1 2016, median loan growth equals 4.5% at credit unions nationwide.
U.S. District Court for the District of Columbia will hear the NAFA DOL suit Aug. 25; ACLI, NAIFA file a third suit.
The board will receive a staff briefing on adding S to CAMEL at its June 16 meeting.
A bill requiring the CFPB to conduct a study on proposed payday lending rules moves to the House floor.
Shelby refuses an offer to discharge the Senate Banking Committee from considering the nomination.
In a letter to Rep. Guinta, the NCUA Chairman says the agency will adjust the cycle for healthy CUs within two months.
A report urges the bureau to study the arbitration issue further and consider how the rules might affect credit unions.
A call report process review could result in optional sections for small credit unions.
The Financial CHOICE Act includes credit union exam cycle and call report changes, and calls for a CFPB commission.