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CU Times covers the NCUA, CUNA, NAFCU, CFPB as well as Congress to keep credit union executives up-to-date on regulatory and compliance changes coming out of Washington, D.C.
During the NCUA board meeting, the agency's CFO reports the SIF's equity ratio was 1.26%.
Mingo County Education FCU and O.F. Toalston FCU posted very high delinquent loan ratios.
NAFCU lobbyist says divided chambers limits extremes, preventing unwarranted changes that could threaten credit unions.
But New York sees upsets, and some key races are still too close to call a day after the polls closed.
But OpenSecrets.org shows CUNA, NAFCU and two major bank groups agree on 75% of the races.
The association does not want to see new credit union regulation that would hamper technological innovation.
Inclusiv believes the recent ruling that found the CFPB's funding structure unconstitutional is not something for CUs to celebrate.
Both organizations argue for ways the NCUA can cut back on its proposed $367 million budget.
CUNA, NAFCU and others are working to ensure the Bureau's rules do not overburden credit unions.
Reports have shown fraudsters have increasingly sought to use the Zelle network to persuade consumers to send them money.