Is It Time to Raise the Interest Rate Cap?

There's more going on here than meets the eye and the NCUA has an even larger question to answer.

By Henry C. Meier, Esq. | January 31, 2023 at 10:00 AM

At its most recent board meeting, the NCUA board's decision to do what it has done since 1987, extend the 18% interest rate ceiling under which federal credit unions can provide loans for another 18 months, is not worthy of your reading time. But, humor me on this one. There's more going on here than meets the eye.

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