Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NCUA to seek comment on MBL changes
ALEXANDRIA, Va. (6/19/08)—The National Credit Union Administration (NCUA) has one item on its agenda for today’s open board meeting and that an Advanced Notice of Proposed Rulemaking regarding member business loans, Part 723 of the federal regulator's rules and regulations. The agency is expected to ask for comment on whether the NCUA should make changes to its rules that govern loan-to-value (LTV) and waiver requirements. In 2007 comment letter to the NCUA regarding the reduction of regulatory burdens on credit unions, the Credit Union National Association urged the agency to change the MBL rule to allow items such as LTV requirements to be set by credit unions rather than in the regulation. After today, the NCUA’s meeting schedule takes on its summer routine. The agency’s next open session is planned for July 24. There is no meeting scheduled for August and then the regular monthly schedule resumes on Sept. 25.
Other Resources

RSS print
News Now LiveWire
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
6 hours ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
7 hours ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
7 hours ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
8 hours ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
9 hours ago