Florida delinquency rate among most improved

On Tuesday, Callahan and Associates released its first look trends on statistics from the second quarter. It ranked the top 10 states with the greatest improvement in delinquencies year over year. Florida ranked fourth behind Delaware, Alaska, and North Carolina. Florida’s delinquencies stand at 0.99 percent for an .11 percent improvement from a year earlier. […]

MBL comment letters due to NCUA today

The NCUA’s 60-day comment period for its proposed changes to the member business lending (MBL) rule is closing today. Credit unions are urged to send in a comment. A League source says that the NCUA has received enough negative comments from bankers that the agency has taken notice. The proposed rule looks to overhaul NCUA’s […]

Credit unions have two weeks to submit MBL comments

Credit unions are urged to take a few minutes and drop the NCUA a comment on the proposed MBL regulation overhaul. The League has talked to senior members at the NCUA that say the banks continue to send comments in large quantities. Many are form comment letters, but they are enough to get the NCUA’s […]

National company charged with aiding and abetting in check deposit scheme

On Wednesday the Florida Office of Financial Regulation (OFR) issued an administrative complaint charging Intermex Wire Transfer, LLC, with illegally helping several check cashers avoid complying with Florida law. As part of the administrative complaint, the OFR is seeking a $119,000 fine and license suspension of 318 days. The OFR also issued administrative complaints to […]