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Washington Post: CUs reach out to small business
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A Washington Post article today focuses on credit unions’ efforts to win more member business loan authority, touching specifically on such activity at Mid-Atlantic FCU (a NAFCU member in Germantown, Md.) and legislation in the House and Senate that would double credit unions’ current authority.
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NAFCU closed as more snow heads toward D.C.
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Official Washington, including the federal government and Congress, came to a standstill yesterday as the area dug out from nearly two feet of snow and braced for another foot starting this afternoon.
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FinCEN rule would expand 314(a) access
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A final rule giving European Union jurisdictions authority to request information from U.S. institutions under section 314(a) of the USA PATRIOT Act was approved by the Financial Crimes Enforcement Network and takes effect upon publication in the Federal Register.
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Matz to host Feb. 18 virtual town hall meeting
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NCUA Chairman Debbie Matz will host a town hall webinar Feb. 18 at 3 p.m. Eastern to discuss several pending regulatory proposals, including strengthening the corporate credit union system and streamlining community charter applications.
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CUs’ share of consumer credit falls to 9.5%
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Overall consumer credit lending for financial institutions proved more resilient than expected in December, but credit unions’ share of the consumer credit market fell from 9.52 percent to 9.5 percent, according to Federal Reserve data.
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