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Forbes Highlights Need for MBL Legislation

Feb
13
Forbes Highlights Need for MBL Legislation

Credit union representatives aren’t the only groups highlighting the need to lift the arbitrary, government-imposed member business lending (MBL) cap from 12.25 to 27.5%. Forbes.com featured the need for increased access to capital through credit unions with an article by the Small Business Authority entitled “More Business Loans, No Tax Payer Subsidy” on February 10.

Posted By Amy McLard read more

NCUA/CFPB Town Hall Meeting Summary

Feb
13
NCUA/CFPB Town Hall Meeting Summary

On February 8, the CFPB held a joint Town Hall Meeting with NCUA, which was webcast. NCUA will not be archiving it for several weeks, so we wanted to provide a short summary.

Posted By abucaida@mcua.org read more

CUNA Circulates Draft Letter on Loan Participations Proposal

Feb
13
CUNA Circulates Draft Letter on Loan Participations Proposal

CUNA is urging NCUA to drop its proposal on loan participations in a draft letter that was recently circulated to various CUNA subcommittees and the AACUL Regulatory Advocacy Advisory Committee.

Posted By abucaida@mcua.org read more

Small Business Owner Takes Credit Union Message to Capitol Hill

Feb
10
Small Business Owner Takes Credit Union Message to Capitol Hill

When Bob Becker went to his bank to ask for a reduction in his loan rate, he was turned down flat.  “They had everything – all my business accounts and my perso

Posted By Amy McLard read more

State Legislation - February 10

Feb
10
State Legislation - February 10

Information new this week is in italics.

Posted By Peggy Nalls read more

MO Bill Would Make it Easier to Chop/Crush Cars

Feb
09
MO Bill Would Make it Easier to Chop/Crush Cars

MO Bill Would Make it Easier to Chop/Crush Cars - With No Notice to Your Member or the CU

Posted By Peggy Nalls read more

Heartland Institute Points Out Need for Lifting Small Business Lending Cap

Feb
07
Heartland Institute Points Out Need for Lifting Small Business Lending Cap

Credit unions’ efforts to lift the arbitrary, government-imposed limits on credit union business lending is getting the support of the Heartland Institute.  A Huffington Post blog by Eli Lehrer of the Heartland Institute addresses how lifting the member business lending (MBL)

Posted By abucaida@mcua.org read more

CUNA Seeks Guidance and Clarification on MFOEL

Feb
03
CUNA Seeks Guidance and Clarification on MFOEL

Last week, Bill Cheney, CUNA president reported that CUNA staff and CUNA Mutual are working with NCUA and the Consumer Financial Protection Bureau (CFPB) to pursue concerns relating to the regulation of Multi-Featured Open-End Lending (MFOEL). Earlier this week, Senior staff from CUNA submitted correspondence to NCUA which would seek to have the agency revise or supplement its Letter to Federal Credit Unions 10-FCU-02 in order to provide more clarity for credit unions offering these MFOEL programs.

Posted By abucaida@mcua.org read more

State Legislation 2012 - February 3, 2012

Feb
03
State Legislation 2012 - February 3, 2012

​Information new this week is in italics.

Posted By Peggy Nalls read more

Missourians Meet with House Financial Institutions Committee

Feb
02
Missourians Meet with House Financial Institutions Committee

On February 2, credit union representatives from across the state met for dinner at Alexandro’s Restaurant with members of the Missouri House Financial Services Committee.

Posted By abucaida@mcua.org read more

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