With descriptions such as “frighteningly vague,” a backlash against the criteria for member business loan waivers swelled on Thursday afternoon.
During a session on MBL program updates held during NACUSO’s annual conference at the Encore Las Vegas, Vin Vieten, NCUA program officer for member business lending, listened to the frustrations from some of the attendees on the waivers. Read More
CUNA Asks CFPB to Delay June 1 Credit Insurance Provision
A quickly approaching June 1 deadline to comply with new rules that prohibit charges related to single-premium credit insurance has prompted CUNA to ask the Consumer Financial Protection Bureau for an extension.
CUNA said it supports the Dodd-Frank mandated prohibition against the financing of actual single-premium credit insurance. Read More
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