Regulatory & Compliance

CU and banking groups want to stop a proposal to reopen Regulation II, which covers interchange fees.

Board members also learn the Central Liquidity Facility borrowing authority stands at $26 billion.

The bureau wants public input on what it calls "junk fees" imposed by banks and credit unions.

The NCUA acknowledges the GAO's issues as "suggested improvements" that are well underway and will be implemented this year.

The groups target two reports issued by the CFPB as needing more analysis before deciding.

The agency pushes the deadline to Jan. 31.