NCUA

The National Credit Union Administration board is expected to tackle a rule on nonmember shares this week while the House Financial Services Committee will examine Facebook's effect on financial services.

Draft legislation would amend the Bank Service Company Act to give the National Credit Union Administration third-party vendor oversight, a power it has been requesting for the better part of two decades.

The four prudential agencies, which will enforce the new credit loss methodology developed by the Financial Accounting Standards Board, said they want to promote consistency.

FASB delayed implementation for the majority of banks and credit unions until 2023, but many in the industry still oppose the rule, despite regulators' attempts to ease the path forward.

At a national level, loan growth has been on the decline for months and could still get worse. Here's how some credit unions are tackling the issue.

Maine Harvest Federal Credit Union, which will serve farmers and the food industry, opened this week and aims to make $12 million in loans over the next six years.

The banking trade group is asking for an en banc rehearing of its field-of-membership challenge before all 17 judges of the D.C. Court of Appeals.

Credit unions now have until Nov. 30 to apply for Community Development Financial Institution certification.

The National Credit Union Administration should help soften the effects of the new standard on regulatory capital through rulemaking.

The agency chairman's comments mark an unusual turn for an industry famous for its bipartisanship.