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Business coalition joins MBL push

A group that identifies itself as a coalition of conservative, libertarian and free-market organizations voiced support Thursday for increased member business lending for credit unions and encouraged lawmakers to vote in favor of legislation that would achieve that end. The group called Sen. Mark Udall's (D-Colo.) Small Business Lending Enhancement Act of 2012 (S. 2231) "a sound, free-market, deregulatory action that will create jobs, help small business, and assist veterans."... More

NCUA responds to CUNA: Agency can improve exam process

National Credit Union Administration Chairman Debbie Matz identified regulatory relief measures her agency is pursuing, in a letter this week to CUNA President/CEO Bill Cheney. Matz's letter was in response to a follow-up letter Cheney sent to the chairman after she appeared at the CUNA Governmental Affairs Conference in March.... More

CUNA chairman to Texas CUs: 'What you do makes a difference'

CUNA's chairman and several other speakers told Texas credit unions that they make a real difference for members at many levels, during the Texas Credit Union League annual meeting Wednesday.... More

CFPB clarifies state reciprocity in MLO licensing

Consistent with the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act), a state may grant a transitional mortgage loan originator license to an individual who holds a valid loan originator license from another state, according to a clarification issued by the Consumer Financial Protection Bureau Thursday.... More

Wanted: CU global brand identity

Credit unions have made great strides worldwide from consumers' disillusionment with banks during the recession. However, they still need to better articulate the credit union difference in a way that resonates with consumers, says an international group gathered by the World Council of Credit Unions to take the first step toward developing a global credit union brand.... More

Franken, Pawlenty praise CUs at MnCUN meeting

U.S. Sen. Al Franken (D-Minn.) and former Minnesota Gov. Tim Pawlenty cleared their schedules for credit unions this past weekend to speak at the Minnesota Credit Union Network's Annual Meeting & Convention. They praised credit unions for their service model and contributions to their communities and Minnesota as a whole.... More

Financial Literacy Week on H&FF Radio

Sunday's Home & Family Finance Radio program addresses Financial Literacy Week, bill-paying trends, buying a home, and obtaining a mortgage.... More

UPDATE: Alabama credit unions state their case for public deposits during Senate hearing on April 18

Credit unions in Alabama finally got an opportunity to explain why they should receive public deposits in a hearing with the Senate Banking & Insurance Committee on April 18.... More

New small CU deputy director is appointed

Credit union veteran Martha Ninichuk will take on the role of deputy director of the National Credit Union Administration's Office of Small Credit Union Initiatives on Sunday, the agency has announced.... More

CFPB to target credit discrimination

The Consumer Financial Protection Bureau will "combat unlawful, discriminatory practices--including those that have an illegal disparate impact on protected borrowers," and examine mortgage lending, student lending, auto lending, and credit card practices for evidence of lending discrimination, the agency said on Wednesday.... More