Posts Tagged ‘CRA’

Keep credit unions out of the CRA: Trade groups

Keep credit unions out of the CRA: Trade groups

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 urges OCC to ensure CUs remain out of CRA

CUNA urges OCC to ensure CUs remain out of CRA

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 [...]

Bankers call for credit unions to be added to CRA

Bankers call for credit unions to be added to CRA

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 [...]

NAFCU defends CUs, hits bankers back with truth about CRA

NAFCU defends CUs, hits bankers back with truth about CRA

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 [...]

Berger reiterates CUs should not be under CRA

Berger reiterates CUs should not be under CRA

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 [...]

Time for a change

Time for a change

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 [...]

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