Tag Archives: credit unions

CU Member Business Lending Bill Introduced

Reps. Ed Royce (R-Calif.), Jared Huffman (D-Calif.), Don Young (R-Alaska) and Peter DeFazio (D-Ore.) yesterday introduced an ABA-opposed bill (H.R. 389) that would exclude non-owner occupied, 1-4-family dwellings from the calculation of the cap on credit union member business loans.

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ABA Opposes New Overreaching CU Membership Proposal

In a comment letter to the National Credit Union Administration today, ABA expressed strong opposition to an additional proposal by the credit union regulator to amend its chartering and field of membership requirements for federal credit unions seeking community charters.

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ABA Sues Credit Union Regulator Over Field of Membership Rule

Immediately after the National Credit Union Administration's publication today in the Federal Register of a controversial final rule further expanding the already loose fields of membership from which federal credit unions can draw their customers, ABA filed a lawsuit in federal court to stop NCUA from implementing the rule.

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NCUA Finalizes FOM Rule, Proposes Additional Expansions

The National Credit Union Administration board voted today to finalize a controversial rule further expanding the already loose fields of membership from which federal credit unions can draw their customers, and proposed a new rule that would remove some of the few remaining FOM restraints.

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