NCUA

The federal agencies said in a recent statement that “guidance does not have the force and effect of law,” but two trade groups say that standard should be more binding.

Credit union advocates are keeping a close watch on several races in this week's midterm elections.

The regulator awarded $2 million in grants to 203 low-income credit unions.

Midterm elections are just eight days away and credit unions are making efforts to help get out the vote. Meanwhile, one Virginia-based CU is back in court over alleged ADA violations.

Sarah Vega had accepted an offer to lead the four-state credit union league but has chosen instead to stay on as chief of staff to NCUA Chairman Mark McWatters.

In remarks at the Inclusiv conference, NCUA Chairman Mark McWatters pledged to help small CUs but said they're responsible for their own business plan and can't expect NCUA to do the hard work for them.

Trade groups are calling on Congress to further delay NCUA's risk-based capital rule and extending a helping hand to red-state Democrats in tough reelection battles.

Credit unions won't have to comply with the controversial rule until at least 2020, but a separate proposal on alternative capital could raise the ire of banking groups.

Credit unions won't have to comply with the controversial rule until at least 2020, but a forthcoming proposal on alternative capital could raise the ire of banking groups.

Trade groups say the National Credit Union Administration hasn't adequately explained how it plans to reduce its budget at the same time it asks Congress for increased oversight powers.