Search
 

Man Bites Dog? - CUNA Asks for Subprime Work-Out Guidance As NCUA Stresses Importance of Flexibility

An interesting conversation about how credit unions can or can not help members resolve ongoing mortgage problems seems to put CUs on the side of more regulatory guidance and NCUA in favor of greater regulatory flexibility.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON — An interesting conversation about how credit unions can or can not help members resolve ongoing mortgage problems seems to put CUs on the side of more regulatory guidance and NCUA in favor of greater regulatory flexibility.

At issue are the different strategies and procedures credit unions might put into place to help their members escape from subprime loans. Even though few CU have made the sorts of subprime loans that have been implicated in the continuing mortgage crisis, they are still in the position of trying to help members restructure or refinance loans made by other financial institutions or finance companies.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.