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CUNA News Now Headlines
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Credit Union National Association News Now Headlines
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Small biz reps to 'hike' for MBL cap lift
Small business owners, small business trade groups and business think-tank representatives will join CUNA and credit unions next week to press Capitol Hill-based legislators to approve a member business lending cap increase for credit unions.
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Heartland backs MBL bills in HuffPo
Legislators that are looking for new ways to fight burdensome government regulations "can--and should--start by looking at credit union lending," Eli Lehrer, vice president of the Chicago-based think tank The Heartland Institute, said in a Thursday Huffington Post editorial.
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Ford Foundation's $30M helped CDCU with mergers
A $30 million investment from the Ford Foundation has allowed a community development financial institution to merge with seven credit unions in California, in an effort to expand low- and moderate-income families' access to responsible and affordable financial services statewide.
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Definition of capital determines Basel III impact on CUs
Basel III guidelines on financial institution capital levels may have been drafted in response to the negative impact large banks made on the economic crisis, but credit unions and other financial cooperatives likely will be included in any resulting regulation. How credit unions manage member shares relative to their capital requirements could determine how significant the impact is.
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CFPB: Consumers complain about credit cards, mortgages
The new Consumer Financial Protection Bureau (CFPB) began taking credit card complaints from consumers on July 21 and mortgage complaints on Dec. 1. As of Dec. 31, it had received 13,210 consumer complaints--9,307 complaints about credit cards and 2,326 complaints about mortgages, CFPB said in its Semi-Annual Report Monday.
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