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On Recess: Credit Unions Seeking Small Business Help on MBL Cap

By David Morrison

CUNA says credit unions lobbying for member business lending cap hike to congressmen home on break.

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On Recess: Credit Unions Seeking Small Business Help on MBL Cap

Congressmen Race to Back Cherry Blossom Run

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Regulatory & Compliance Stories

April 01, 2012

Telesis Takeover Puts Member Business Lending on Trial

After years on a regulatory watch list, NCUA and the California Department of Financial Institutions finally pulled the plug last week on the $318 million Telesis Community Credit Union, placing the Los Angeles-based credit union into conservatorship. The NCUA was appointed conservator, ending a troubled saga.

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April 01, 2012

Congress: Expand CU Business Lending Now: Editor's Column

I discovered that Credit Union Times coverage of Telesis Credit Unions conservatorship and the actions leading up to it were being used against credit unions efforts to expand the member business lending cap from 12.25% of assets to 27.5%.

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April 01, 2012

MBL Cap Legislation Heading Into April Showdown

Legislation that would raise the cap on credit unions' business loans to members is poised for a mid-April showdown in the Senate.

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March 30, 2012

FinCEN Starts Taking Reports Electronically

The Financial Crimes Enforcement Network has begun to accept the new Currency Transaction Reports and Suspicious Activity Reports electronically into its BSA E-Filing System.

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March 30, 2012

Congress: Expand Credit Union Business Lending Authorities Now

Credit Union Times Editor-in-Chief Sarah Snell Cooke calls on Congress to expand member business lending authority and unleash jobs growth.

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March 30, 2012

Congress: Expand Credit Union Business Lending Authorities Now

Credit Union Times Editor-in-Chief Sarah Snell Cooke calls on Congress to expand member business lending authority and unleash jobs growth.

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March 30, 2012

NCUA Should Revisit Rural Definition, NAFCU Urges

In a Thursday letter, the association expressed concern that the agency's definition of rural areas for community charter evaluations is too restrictive.

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