Regulation

Lawmakers are considering a plan to reserve Paycheck Protection Program funds for lenders with $50 billion in assets or less, a figure that would include nearly all credit unions.

Southwest HealthCare Credit Union agreed to merge into Canyon State because of increased competition and regulatory demands.

Congress won’t be back to Washington for at least two weeks but credit unions already have a laundry list of requests for lawmakers to consider.

Minorities are often hit harder financially during a crisis, but if regulators move forward on revamping the Community Reinvestment Act, they’ll only make matters worse.

This is the first time since 2014 that the regulator won't penalize credit unions that file within 30 days of the deadline.

Brian Smith, who spent the past decade with Regions Financial, will head the bank's government relations and public policy team.

The head of the Senate panel overseeing Federal Reserve and Treasury Department efforts to boost the U.S. economy urged the agencies to remember their disclosure requirements.

The plan first announced in February to update the deposit insurance sign and logo at bank teller stations and ATMs became just the latest regulatory effort slowed by the coronavirus pandemic.

The National Credit Union Administration is giving lenders and borrowers extra time to complete appraisals to ensure mortgages are still being completed despite the pandemic.

The Small Business Administration stopped approving loans when the Paycheck Protection Program hit its cap.