Citing the downturn in auto lending in a now difficult market, the outgoing chairman of Credit Union Direct Lending Corp., Henry Wirz, appealed today for greater CU collaboration through the CUDL network as a means to halt the slide.

The NCUA Board showed its unanimous support for the Prompt Corrective Action proposal currently included in the Credit Union Regulatory Improvements Act (H.R. 1537) at today's meeting.

The NCUA Board today approved for a 60-day comment period a proposal to insert a conflict of interest clause into its eligible obligations rule.

In an unusual team-up with bankers, the New Jersey Credit Union League said today it had introduced into the state legislature this week a data breach bill protecting consumers and holding retailers responsible for breach costs.