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CUNA Mutual Group

Crash the GAC Brings Young CU Leaders Together

Nov
25

Do you have a staffer under 30 who is enthusiastic about the credit union industry? Excite your Gen Y staff by encouraging them to apply for the Crash the GAC scholarship.

Posted By Nora Holloway read more

NCUA Offers MFOEL Clarification

Jul
23
NCUA Offers MFOEL Clarification

The National Credit Union Administration (NCUA) issued a Letter to Federal Credit Unions (12-FCU-02) on July 20 to provide guidance and best practices on multi-featured open-end lending (MFOEL) plans and Multi-Featured Lending (MFL) plans.

Posted By Halley Hayden read more

MFOEL Championed by CUNA and CUNA Mutual

Nov
14

CUNA staff and representatives from CUNA Mutual attended a meeting held last week by the CFPB to discuss concerns relating to Multi-Featured Open-End Lending (MFOEL). Discussions with CFPB staff reiterated that there remains a large amount of confusion among both credit unions and examiners with respect to changes that were made to Regulation Z in a final rule published in January, 2009, for which compliance became mandatory on July 1, 2010.

Posted By Halley Hayden read more
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