NCUA Board Approves Plan to Keep Current 18% Interest Rate Ceiling
At the June board meeting of the NCUA, the board voted on the interest rate ceiling for credit unions, adopted a final rule on capitalization of interest, and adopted a final rule to ease the impact of the Current Expected Credit Losses standard, reports David Baumann of the Washington Credit Union Daily.
Reg Agenda: NCUA May Consider Changing Interest Rate Ceiling
The newest version of the federal regulatory agenda has been released and in it the NCUA has listed a number of possible rules it may consider. Among the list are changes to the interest rate ceiling for loans made by credit unions, as well as a number of proposals that the board has been debating, reports David Baumann of the Washington CU Daily.
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