NCUA

In a rare move, the credit union regulator is asking the CFPB for exemptions for credit unions from expanded HMDA requirements and unfair and deceptive acts authority.

Of those penalized, 11 had assets of less than $10 million and only one had assets of more than $250 million.

Federal regulators are early in the process of deciding whether to broaden credit unions' access to capital markets, but banking lobbyists have seen enough to argue that it would let credit unions skirt business-lending limits.

The comment period on NCUA's notice of proposed rulemaking on alternative capital ended last week, and judging by the letters, another battle is brewing.

With their big-picture view across multiple portfolios, some CUSOs are reporting an increased appetite for business loans and participations.

The federal regulator has created a new portal offering training courses and other information for free.

The $1.2 billion-asset credit union was recently approved for conversion to a federal trade, industry and professional charter, making it the first firefighters’ credit union in the nation chartered specifically for business lending.

Applications for the regulator's consulting services are due May 31.

Regulator now has recovered nearly $4.8 billion in various suits related to the mortgage meltdown in 2008.

That was just one of the five prohibition orders issued by the National Credit Union Administration in April.