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The credit union regulator has implemented a host of measures to help the industry manage the pandemic, but there may be only so much it can do without congressional action.
May 21 -
The Small Business Administration gave lenders some direction for closing out Paycheck Protection Program loans. Bankers say it's an encouraging start, but they want more protection from liability and a concession on nonpayroll expenses.
May 20 -
The government's latest stimulus package cleared the House on Friday but a number of key credit union priorities didn't make the cut.
May 18 -
Operation HOPE Chief Executive John Hope Bryant talks about how the Community Reinvestment Act influenced him at the age of 9 and eventually led to the founding of his nonprofit, which works with banks to help communities in need. But he says the 1977 law is outdated.
May 18Operation HOPE Inc. -
Bankers call credit unions’ latest efforts to ease limits on member business lending opportunistic. Credit unions say they're trying to help with the recovery effort.
May 18 -
The agencies produced an application process that includes favorable interpretation of qualifying expenses.
May 15 -
Lobbying lawmakers via videoconferencing has some advantages, but it's unclear if that format will continue to be used once social distancing requirements are eased.
May 15 -
The Independent Community Bankers of America would not rule out legal action if Congress doesn't address the National Credit Union Administration's recent decision expanding the low-income designation.
May 13 -
The group that worked with the Fed to devise an alternative rate to Libor rejects criticism that the index favors megabanks.
May 11Alternative Reference Rates Committee -
The Small Business Administration's inspector general also flagged a number of shortcomings in the implementation of the Paycheck Protection Program.
May 8