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This is the most difficult and complicated final rule since I began my service on the NCUA Board. All of these covered credit unions should be proud of the fact that they made it through our most recent financial crisis. History suggests, however, that the next crisis is likely different from the last crisis, and the one before that.Recommended Stories
Navy Fed Fined $95M for Illegal Overdraft Fees
The CFPB is ordering Navy Federal to refund more than $80 million to consumers, stop charging illegal overdraft fees, and pay a $15 million civil penalty.
Auto Loans Slip From Credit Union Portfolios
NCUA and Fed data also show credit unions’ share of auto loans in September has fallen from a year earlier.
NCUA Approves 49 Mergers During the Third Quarter
The list includes six credit unions merging due to poor financial condition and two for poor management.
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