Regulatory & Compliance

CUNA and NAFCU have been petitioning Congress to add language expanding credit union ability to offer member business loans to two jobs bills that are making their way through the legislative process.

In a case that has ties to one of the industrys largest mortgage scams, Sperry Associates Federal Credit Union received a ruling in its favor over losses the financial institution said it suffered behind the scheme.

The availability of an appeal of an NCUA examination to an administrative law judge and then to the FFIEC's ombudsman may not be the panacea that credit unions seem to assume.

If a House bill backed by the American Bankers Association in a new package of legislation designed to help small businesses create more jobs gives credit unions expanded lending authority, the banking trade group has vowed to pull back its support.

Former Pittsburgh Steeler star will address directors, supervisory committee members at May gathering in Palm Springs, Calif.

The House of Representatives has passed the Jumpstart Our Business Startups Act by a bipartisan vote of 390 to 23, but without any provision for lifting the cap on credit union member business lending.