CU, Bank Reg Relief Bill Could Come Soon
Comprehensive regulatory relief legislation could be considered by the House Financial Services Committee in the coming weeks. The Credit Union National Association is urging legislators to include greater supplemental capital and member business lending authority to this package, Ryan Donovan, CUNA senior vice president of legislative affairs, said Monday.  Read More
CUNA Urges FASB To Drop Credit Impairment Plan
A Financial Accounting Standards Board (FASB) proposal that would change the methodology for recognizing credit impairment would be detrimental to the credit union system and could have serious, unintended consequences for borrowers and the economy, the Credit Union National Association warned last Wednesday, urging the accounting board to abandon the plan. Read More
CFPB Issues Exemptions To Ability-to-Repay Rule
The Consumer Financial Protection Bureau (CFPB) Wednesday finalized changes to rules issued in January that require lenders to determine a borrower's ability to repay before writing a mortgage loan. The changes are designed to make it easier for some credit unions and other small creditors to make mortgage credit available to their communities by exempting them from some provisions of the rule. Read More
CU Loan, Membership Growth Strong In First Quarter
The National Credit Union Administration released figures Thursday that claim the fastest first-quarter loan growth for federally insured credit unions in five years, as well as dramatic membership growth of more than 800,000 new members. Read More

See quarterly growth in AZ, CO & WY

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