Regulatory & Compliance

In a column written a day before the election, CU Times' editor-in-chief explores five possible scenarios.

The CECL standard could have a negative effect on CU lending, including loans to low-income borrowers.

CUNA predicts the Biden Administration won't transfer supervisory authority of large credit unions from the CFPB to the NCUA.

The ABA calls into question "credit unions that are committed to the development of low income and under-served communities."

Credit unions are advised to pay close attention to what the CFPB does as the current or new administration moves forward.

CUNA's PAC spends $7 million supporting more than 400 House and Senate candidates.

The NCUA has struggled to get more credit unions to respond to the voluntary survey since its launch in 2016.

The rule updates decades-old guidelines that were issued before cell phones and other newer technology were available.