updated 07/29/14 10:51 AM
Fixed-Asset Cap, MBL, and Advertising
Credit unions will have “greater flexibility and be able to offer better services to members” under a series of planned regulatory relief changes, according to a recent announcement by the National Credit Union Administration (NCUA).
Speaking recently during an annual credit union industry event, Matz described three new relief proposals planned for upcoming open meetings of the NCUA Board: eliminating the fixed-assets cap, modernizing member business lending and updating appraisal provisions.
She elaborated on planned and proposed regulatory improvements as part of the Regulatory Modernization Initiative.
Her announcement included current regulatory relief rulemakings as well.
Click here to read NCUA’s announcement.
‘PowerComment’ Officially Launched Nationwide
PowerComment, a highly-interactive online resource that helps credit unions take their regulatory concerns directly to regulators, was officially announced today during the summer American Association of Credit Union Leagues (ACCUL) meeting.
Developed by the California and Nevada Credit Union Leagues in 2013, PowerComment is available to all Credit Union National Association (CUNA)-affiliated credit unions across the country. Users have access to the latest regulatory proposals, discussion boards, and most importantly, the ability to submit comment letters directly to the National Credit Union Administration (NCUA), the Consumer Financial Protection Bureau (CFPB), and other federal and state regulators.
Credit unions can also access PowerComment through CUNA’s website by using their CUNA log-in information. If an individual is logged in to CUNA and already has a PowerComment user-profile, he or she will be appropriately directed when clicking on the PowerComment link.
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