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CUNA Mutual Group

Crash the GAC Brings Young CU Leaders Together


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


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


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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