Regulatory & Compliance

Agency reverses course after credit unions and trade associations objected, says comments so far have not contained "sensitive" information.

Several sources tell Credit Union Times that Sen. Jon Tester (D-Mont.) will offer amendment during debate of a funding bill.

Even if the NCUA is not disclosing comments made by credit unions and interested parties regarding its corporate assessment prepayment plan, First Entertainment Credit Union CEO Charles Bruen was not at all shy about sharing his letter addressed to NCUA Board Secretary Mary Rupp with the press.

Agency move follows contempt of court conviction over sales of securities.

The Senate Banking Committee is expected to hold a hearing later this month on legislation by Sen. Mark Udall that would raise the cap on member business loans up to as much as 27.5%, several sources told Credit Union Times on Thursday.

New NCUA regulations don't provide justification for treating credit unions more strictly than other financial institutions, NAFCU, CUNA, NASCUS, PCUA argue in comment letters.