NCUA

The Office of the Comptroller of the Currency’s bulletin is seen as just one piece of the regulatory puzzle to coax banks into installment lending.

The National Credit Union Administration is set to vote on revisions to its field-of-membership rule, even as it's entangled in a legal dispute with the American Bankers Association over the rule.

Bankers hope to claw back even more of the agency's rule rather than merely defend their partial victory in the judge's original split decision.

The administration is prolonging a decision on a permanent director for the agency to keep the interim chief in place until year-end or longer.

Banks and credit unions have been fighting each other so long that many have forgotten how the feud started and why it may matter to the future of both industries.

A bombshell letter from a prominent senator and a court ruling criticizing credit unions’ interpretation of “field of membership” have bankers hopeful that Congress may finally be willing to examine the public-policy purpose of the Depression-era tax break.

National Credit Union Administration board member Rick Metsger says a federal judge overstepped the court's bounds when striking down portions of the agency's field-of-membership rule, but stopped short of saying the regulator planned to appeal the decision.