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Tinker Federal Credit Union's plan to buy Prime Bank is expected to close later this year.
The NCUA chairman writes, "I believe the compliance costs associated with implementing CECL overwhelmingly exceed the benefits."
Can credit unions overcome "legacy systems" to meet a new demand for digital banking?
Enrollments in the P2P platform Zelle increase at "more than double-digit rates above average" since early March.
"Giving priority to smaller loans will ensure that small businesses in our states have a fair shot at receiving PPP funds."
In a letter, Chairman Hood asks credit unions about forbearances and other COVID-19 programs.
CUNA and NAFCU have made the same requests to the CFPB. It's unclear if or when the automated calls could begin.
The move comes amid complaints that large lenders have had a much easier time gaining access to the SBA lending portal.
"This election is still an opportunity for credit unions to make their voices heard."
CUNA Mutual forecasts a 25% peak this summer, falling to 15% by the year's end.
