Breaking – NCUA board passes MBL rule

The NCUA board approved the final MBL rule in its meeting on Thursday. The new rule will go into effect on Jan. 1, 2017 and it is a complete overhaul of the previous rule. During the comment period of the meeting, Chairman Debbie Matz said the rule ushers in a new era of business lending […]

NCUAThe NCUA board approved the final MBL rule in its meeting on Thursday. The new rule will go into effect on Jan. 1, 2017 and it is a complete overhaul of the previous rule. During the comment period of the meeting, Chairman Debbie Matz said the rule ushers in a new era of business lending for the NCUA and credit unions.

The NCUA has resources to show the changes in the rule including a summary of the changes, the board memorandum,  and the complete final rule.

 

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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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