Law and regulation

Consumer Financial Protection Agency Acting Director Mick Mulvaney is winding down some of the efforts his predecessor worked hardest on: enforcement of payday and fair lending rules and the Military Lending Act. Reporter Kate Berry shares the latest. 

Mona Shand, a former teacher, journalist and communications professional, aims to bring industry priorities to Lansing if she's elected to the state's legislature next month.

Governors in Arkansas, Georgia, Oklahoma, Texas and Wisconsin used International Credit Union day as an opportunity to recognize the industry.

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.

Currently running for a fourth term in Congress, former credit union employee Denny Heck is a vocal proponent of changes to NCUA's risk-based capital rule and other industry priorities.

Jones Methodist Church Credit Union has been ordered to address "unsafe or unsound practices" following nine years of losses and other problems.

Larry Hoff, retired CEO of Fibre Federal Credit Union, is running for a seat in Washington's state legislature – his first foray into politics.

National Credit Union Administration Chairman Mark McWatters called on lawmakers to further expand field-of-membership options for CUs and to permit the regulator to oversee third-party vendors, including fintech partners.

As NCUA Chairman Mark McWatters heads to Capitol Hill, credit unions are facing new threats at the ATM and CU trade groups are writing big checks in advance of midterm elections.

The National Credit Union Administration is eyeing a 1.1 percent funding increase for 2019 for a total of $334.8 million

The bureau's findings and request for information came after acting Director Mick Mulvaney had cited data security as a flaw at the agency.

The report from an advocacy group that focuses on college affordability says schools need to do a better job of educating students about their eligibility for federal loans, which typically carry lower interest rates than loans from private-sector lenders like credit unions.

Congress is considering additional tax reform, while the NCUA board is taking comments on a proposed rule to ease appraisal limits and more.

The CFPB's move is in line with the other banking regulators who have offices in Atlanta.

The report from an advocacy group that focuses on college affordability says that schools need to do a better job of educating students about their eligibility for federal loans, which typically carry lower interest rates than loans from banks and other private-sector lenders.

Advocates are seeking more federal funding for affordable housing. A federal investigation into the banks’ alleged manipulation of a popular tax-credit program can’t be helping their cause.

Credit union trade groups are calling on the National Credit Union Association to raise the asset threshold for CUs eligible for an 18-month exam cycle, bringing them in line with community banks.

The Thursday morning tweet came in response to comments from JPMorgan Chase CEO Jamie Dimon in which the banker questioned the president's intelligence.

Highlights and insights from the Cornerstone Credit Union League's annual leadership conference in San Antonio.

There's a flurry of credit union-related activity on tap in Washington this week, but it could all get pushed aside by Hurricane Florence.