News

A group of credit union CEOs and top managers claimed progress in winning support from Congress to halt what they said are damaging policies of NCUA and regulatory agencies as they pursue rescinding the Durbin interchange amendment.

Borrowers would have to put 20% down on a mortgage in order for the lender to be exempt from the “skin in the game,” rules, according to a proposed rule sent out for comment today by the FDIC and other regulators.

Borrowers would have to put 20% down on a mortgage in order for the lender to be exempt from the “skin in the game,” rules, according to a proposed rule sent out for comment today by the FDIC and other regulators.

The African-American Credit Union Coalition is encouraging its members to write to their elected officials urging them to say no to the debit card interchange rule.

The African-American Credit Union Coalition is encouraging its members to write to their elected officials urging them to say no to the debit card interchange rule.

In an era of shrinking profit margins, credit unions can still find new lending opportunities, one industry expert said.