Tag Archives: credit unions

ABA-Opposed CU Member Biz Lending Bill Introduced in Senate

ABA today voiced its opposition to a bill, introduced yesterday by Sens. Rand Paul (R-Ky.), Sheldon Whitehouse (D-R.I.) and Jack Reed (D-R.I.) that would raise the member business-lending cap for certain credit unions from 12.25 percent to 27.5 percent of total assets.

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Record Number of Comment Letters Filed on NCUA Proposal

The National Credit Union Administration received a record 3,086 comment letters on its proposed rule to expand member business lending, the agency said this week. Bankers responding to ABA’s call to action helped ensure that the majority of those letters – 2,759, according to NCUA – were opposed to the proposal. “This response makes a powerful statement. It shows that ...

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Keating Op-Ed Challenges CUs’ Business Lending Push

ABA President and CEO Frank Keating kept up the pressure on the National Credit Union Administration and the credit union industry with an op-ed today in The Hill noting that -- in addition to being exempt from taxes -- credit unions enjoy a “compliant federal regulator that often acts like a cheerleader for the industry it is supposed to be supervising.”

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NCUA Head to Testify as Agency Subverts Congressional Intent

National Credit Union Administration Chairman Debbie Matz will appear before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit tomorrow -- her first appearance before Congress since 2011 -- and ABA urged House members to hold NCUA accountable for its efforts to subvert congressional intent.

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ABA Pushes Back on Credit Unions’ ‘Cheerleader’ Regulator

National Credit Union Administration Chairman Debbie Matz today said that her agency would this fall issue a supplemental rule for risk-based capital that would count certain forms of debt -- for example, subordinated debt issued to CU members and non-members -- toward the risk-based capital ratio. “This is the year of regulatory relief,” she said. “As part of modernizing risk-based capital, I am committed to counting supplemental capital in full.”

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NCUA Proposes to ‘Modernize’ Biz Lending Rule

The National Credit Union Administration Thursday proposed substantial changes to its member business lending regulations. Among other things, NCUA proposed to exempt participations in loans to non-members from the MBL cap. It also proposed to eliminate explicit loan-to-value requirements, aggregate limits on construction and development loans, as well as the requirement of a personal guarantee. “Now is an appropriate time ...

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