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.

The $1.8 billion-asset institution converted to a federal charter out of a desire to broaden its member base and make member business loans.

The trade association's lawsuit challenging new field-of-membership rules may have the opposite effect, as more credit unions consider expansion before the litigation is resolved.

President Trump has been in office for nearly 12 weeks, but he still hasn’t nominated several critical positions among financial services regulators. Following is a guide to what’s vacant now, and when other posts will be available.

Former CU employees pleaded guilty to embezzlement and bank fraud charges, among others.

One credit union leader is urging Acting NCUA Chairman McWatters to go to bat for more sensible mortgage rules coming out of the CFPB.

The credit union's expanded FOM will cover multiple counties and townships.

As the House Financial Services Committee prepares for a hearing on the struggles of chartering new financial institutions, CU observers debate whether or not the credit union movement – amid an ongoing trend of industry consolidation – actually needs any new entrants.

Foster previously served as deputy director of public and congressional affairs from 2008 to 2011.

Gulf Winds FCU immediatley assumed the failed credit union's members and deposits.

In January alone, before new field of membership rules took effect, NCUA approved nearly 25% of the number of charter expansions as in 2015 and 2016. Could that be just a taste of what’s to come?