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Mortgage rule relief needed, CU rep tells CFPB

The Consumer Financial Protection Bureau should consider meaningful exemptions for credit unions and other small financial institutions as it develops new mortgage servicing rules, American Southwest CU CEO Brian Barkdull said at a CFPB Small Business Regulatory Enforcement Fairness Act panel discussion held this week in Washington.... More

MBL increase brings choice, credit access: ACI blog

Increasing the credit union member business lending cap "means more competition, greater choice, and increased access to capital," American Consumer Institute Center for Citizen Research President Steve Pociask said in a recent blog post.... More

Senate bill would extend NFIP through Dec. 31

Some good news--temporary though it may be--for credit unions and other mortgage lenders who have been watching the National Flood Insurance Program escape demise through a series of temporary extensions: a new short-term reprieve has been introduced in the U.S. Senate.... More

CUNA, Coopera offer Hispanic Webinar series

Coopera has partnered with CUNA to host a series of webinars for credit unions. The objective is to educate as many credit union leaders as possible on the importance of adapting products and services to meet the needs of Hispanic members. ... More

Lt. Gov. addresses Michigan league GAC

Michigan Lt. Gov. Brian Calley, addressing the Michigan Credit Union League Governmental Affairs Conference in Lansing, Mich., last week, talked about state tax structure, jobs, and credit union member business lending.... More

NEW: FOMC keeps federal funds rate at 0% to 0.25%

WASHINGTON (4/25/12--Filed at 1:15 p.m. ET)--The Federal Open Market Committee (FOMC)--the Federal Reserve's monetary policymaking group--voted to maintain the target range for the federal funds rate at 0% to 0.25% at its meeting concluded today. The FOMC also said there are likely to be very low levels for the federal funds rate at least through late 2014.... More

Southeast Corporate capital subscription deadline approaching

Southeast Corporate Logo

Credit unions have until May 31 to let Southeast know whether they will convert their capital. ... More

Pa. primary candidate has CU backing

The Credit Union Legislative Action Council, the Pennsylvania Credit Union Association, and local credit unions are among those that helped former State Rep. Scott Perry (R) in his Republican U.S. House primary efforts, which concluded last night.... More

CU short-term loans; the safe, affordable choice: CUNA

Credit unions and CUNA are committed to providing a safe and affordable alternative to predatory payday lenders, and credit unions across the country have implemented various programs in order to provide individuals in their communities an alternative to high-priced payday lenders, CUNA said in a comment letter to the Consumer Financial Protection Bureau.... More

Gov. signs public deposits bill supported by Minn. CUs

Minnesota Gov. Mark Dayton signed legislation late last week after the Minnesota Credit Union Network and its governmental affairs department were successful in a push for credit union inclusion in the language of a bill involving deposits from public entities.... More

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