Supreme Court rejects effort to fire Fed’s Cook, allows firings at other independent agencies
The U.S. Supreme Court ruled that Fed Governor Lisa Cook can remain on the Fed board while a lawsuit challenging ...
Tag: Credit unions
ABA: Proposed rule would further erode legal restrictions on credit union membership
A proposal to ease “common bond” membership requirements for federal credit unions is part of a series of policy actions ...
NCUA adopts rule to assert federal preemption over state interchange laws
The NCUA is issuing an interim final rule to clarify the powers of federal credit unions to charge certain fees, ...
Time to revisit “low-income” credit unions
Deposit insurance reform invites a re-examination of how the low-income designation for credit unions distorts the marketplace.
Trump nominates Treasury staffer to potentially lead NCUA
President Trump has nominated Treasury Department staffer John Crews to join the National Credit Union Administration board. If confirmed by ...
ABA recommends credit union regulator pause stablecoin rulemaking
The National Credit Union Administration should pause setting up a process through which credit unions can seek approval to issue ...
Podcast: Are credit union commercial loans risky business?
In recent years, credit union business lending and the number of credit unions that exceed the statutory cap on member ...
Risky business
The significant rise in commercial lending by credit unions should concern CU members and policymakers.
ABA urges NCUA to retain deposit advertising requirement for credit unions
ABA said it was puzzled by a National Credit Union Administration proposal to remove the requirement that credit union advertisements ...
New York Fed reports ‘modest decline’ in CDFI numbers, assets
After rising for more than a decade, the number of community development financial institutions and their total assets experienced a ...
