In response to another baseless attack from a group of community bank associations, NAFCU Senior Vice President of Government Affairs Greg Mesack highlighted the hypocrisy of their arguments in a letter to House Financial Services Committee Chairman Patrick McHenry, R-N.C., and Ranking Member Maxine Waters, D-Calif.
The CFPB Wednesday launched the Small Business Lending (SBL) Help regulatory and technical support program. The program is designed to provide oral and written assistance to financial institutions about their data collection and reporting obligations under the bureau’s recently finalized small business lending rule.
As credit unions work to meet the needs of more than 135 million Americans, NAFCU's award-winning regulatory compliance team continues to keep credit unions informed with new posts on the Compliance Blog every Monday and Wednesday.
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The NCUA Wednesday announced the next application round for Community Development Revolving Loan Fund (CDRLF) grants will open May 1 and close June 30. The agency plans to administer $3.5 million to the most-qualified applicants during this round, and is also piloting two new grant initiatives. The agency reminded credit unions to review eligibility requirements before applying.
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