Congressional Democrats are calling for federal banking regulators to stiffen rules governing the Community Reinvestment Act (CRA), but they are not pushing for the legislative changes that would make credit unions subject to the law. [...]
Editors note: this post was originally published in November 2015 and has been completely updated for comprehensiveness. Myths are stories with a purpose, often used to justify an approach or belief system. In conversations with [...]
NAFCU’s Brad Thaler Monday wrote to House Speaker Nancy Pelosi, D-Calif., and House Minority Leader Kevin McCarthy, R-Calif., along with all House members, to call for support of a resolution to overturn the Office [...]
Credit unions do not belong in the Community Investment Act, credit union trade groups said in letters to the Office of the Comptroller of the Currency and the House Financial Services Committee. “While not subject [...]
CUNA strongly advocated against efforts to have the Office of the Comptroller of the Currency (OCC) recommend that the Community Reinvestment Act be expanded to apply to credit unions in a letter written Tuesday. CUNA [...]
Federal policymakers should require credit unions to follow the same Community Reinvestment Act standards as banks follow, the American Bankers Association has told the Office of the Comptroller of the Currency. In a comment letter [...]
Urging Congress not to listen to the misinformation being spread by bank lobbyists regarding the Community Reinvestment Act (CRA), NAFCU President and CEO Dan Berger reiterated Friday why this law applies to banks and provided [...]
NAFCU President and CEO Dan Berger, in a Credit Union Times op-ed, reminded readers of the good work credit unions do to help underserved communities, noting "we joined the credit union industry to serve people, [...]
With Sen. Elizabeth Warren's, D-Mass., introduction of the American Housing and Economic Mobility Act (S. 3503), NAFCU President and CEO Dan Berger reiterated that NAFCU stands with credit unions and is strongly opposed to any [...]
On paper credit unions and banks look a lot alike. They both offer loans, checking, and savings accounts. The thing is credit unions have so much more to offer. They were founded to help people [...]
