Monday, a federal court in Texas delayed implementation of the CFPB’s small business lending data reporting rule for the bankers’ associations that filed a lawsuit challenging the rule until the Supreme Court rules on the constitutionality of the bureau’s funding structure. The Supreme Court is scheduled to hear arguments for the case Oct. 3.
NAFCU, along with the Defense Credit Union Council (DCUC), the Veterans of Foreign Wars (VFW), and TruStage, wrote to the NCUA Monday in response to the agency’s proposed rulemaking regarding charitable donation accounts (CDAs). The rule would amend NCUA regulations to include 501(c)(19) veteran’s organization in the definition of “qualified charity.”
Last week, the NCUA and other financial institution regulatory agencies updated their guidance on liquidity risks and contingency planning. Their recommendation highlights financial services institutions should regularly evaluate and update their contingency funding plans.
Oppose Durbin 2.0. Attend and Have an Impact! Help shape CU policies. Meet in person with lawmakers and regulators. Join us at NAFCU’s Congressional Caucus in D.C.
NAFCU and several other trade groups wrote to the Federal Communications Commission (FCC) in response to the commission's notice of proposed rulemaking to codify its 2015 ruling that allows consumers to revoke consent for robocalls or robotexts through “any reasonable means.”
The Federal Reserve’s July senior loan officer opinion survey (SLOOS) on bank lending practices examined changes in the standards and terms on demand for bank loans to businesses and households generally corresponding to the second quarter of 2023. According to the survey, banks reported tightened lending standards across categories.
The NCUA issued one prohibition notice in July, prohibiting the individual previously associated with credit unions from any future participation in the affairs of a federally-insured depository institution.
