Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
CUNA's Student Loan Working Group Holds Initial Meeting
WASHINGTON (7/16/13)--As the nation's students look on anxiously to see if the federal government acts to restore the federal student loan rate to 3.4% after it ballooned to 6.8% recently, the Credit Union National Association has formed a student loan working group to explore current issues related to credit unions' offering private student loans to members, CUNA's Regulatory Advocacy Report informs readers this week.

The working group met for the first time last week to discuss current and possible future issues confronting credit union offering private student loans.

The group's focus will be to develop best practices for credit union student loans and to monitor related regulatory activity at the Consumer Financial Protection Bureau (CFPB) and the National Credit Union Administration.

The NCUA has told the CUNA regulatory team that the agency will be releasing examiners' guidance on private student loans in the near future. The guidance will then be shared with credit unions.

To see those named to the student loan working group, CUNA members can use the resource link below to access the RAR.

Also in the newest issue, CUNA takes a look at CFPB's newest clarifications to mortgage rules, NCUA's derivatives proposal, a payments system update, and many more hot regulatory topics.
RSS print
News Now LiveWire
Leagues have until Friday, April 25, to enter into @CUNA 's Blockbuster Awards. The original deadline was April 18. http://t.co/rnJYm76N8U
12 hours ago
Found out how members are saving at the ballpark with the help of their #creditunions tomorrow in #NewsNow #CUNA
15 hours ago
First annual meeting of @Cornerstone_CUL under way: http://t.co/Xp710hzRC3
16 hours ago
.@fileneresearch says #creditunions can educate young adults in the ways of retirement planning #NewsNow #CUNA http://t.co/vXToTtBVA2
16 hours ago
.@Cornerstone_CUL #credit unions lead the way in 1st QTR auto sales http://t.co/ZiSsE5HIFP
16 hours ago