Regulatory & Compliance

CUNA and NAFCU are urging more senators to sign on as co-sponsors of Sen. Mark Udall’s bill to raise the cap on member business lending.

CUNA and NAFCU are urging more senators to sign on as co-sponsors of Sen. Mark Udall’s bill to raise the cap on member business lending.

NAFCU President/CEO Fred Becker urged regulators to “exercise caution,” when communicating with credit unions about complaints they receive so as not increase the likelihood of litigation or reputational risk.

Sens. Jon Tester and Bob Corker will likely introduce legislation early next week that would mandate a two-year postponement of the implementation of the Federal Reserve’s proposed rule regulating interchange fees.

Sen. Mark Udall (D-Colo.) introduced a bill to raise the cap on member business loans from 12.25% of assets to 27.5%.

The third time may not be the charm for Nobel Laureate Peter Diamond’s effort to get on the Federal Reserve.