NAFCU urges disclosure exemption for credit unions ahead of today’s CFPB hearing

first_img continue reading » NAFCU, noting the uniqueness of credit unions and their limited authority for member business lending, urged ahead of a CFPB public field hearing today that the CFPB exempt the industry from any future rulemaking that would require further disclosure of business loan information.Today’s hearing, slated for 11 a.m. Pacific (2 p.m. Eastern) in Los Angeles, will review a Dodd-Frank Act small business lending requirement that the CFPB collect information on small business loans made to women- and minority-owned business.NAFCU will monitor the hearing for any potential impact on the credit union industry.“Credit unions serve distinct fields of membership, and as a result, institution-level data related to women-owned, minority-owned, and small business lending substantially differs in relation to other lenders,” wrote NAFCU Regulatory Affairs Counsel Andrew Morris in a letter to the bureau on Tuesday. “Given the unique characteristics of credit unions and the limits placed on member business loans (MBLs), the CFPB should seek to exempt credit unions from any future rulemaking that compels disclosure of business loan information.” 15SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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NHL free agency rumors 2019: Canucks sign Micheal Ferland to four-year deal

first_imgThe 27-year-old center, who had 89 points in 250 games with the Calgary Flames prior to the 2018-19 campaign, joined the Hurricanes as a UFA last season. Ferland agreed to 4 yr contract with the Vancouver Canucks. $3.5 million aav.— Darren Dreger (@DarrenDreger) July 10, 2019In 71 games with Carolina in 2018-19, Ferland finished with 17 goals and 40 points, one point shy from matching his career high that he set just one year prior. He also added one assist in seven postseason games with the Hurricanes during their run to the Eastern Conference Final. Almost all of the pearl clutching as it related to Micheal Ferland was relative to the contract figures grossly exceeding his value as a player. At the right price, Ferland can add a lot of value to the Canucks’ lineup.— J.D. Burke (@JDylanBurke) July 10, 2019Ferland will look to aid the Canucks in reaching the playoffs for the first time since 2015 and complement Calder Trophy winner Elias Pettersson while he is still on his entry-level contract. He’ll also look to maintain his consistency after recording back-to-back 40-point campaigns over the last two years. NHL free agency tracker: Complete list of signings, best players available Micheal Ferland is headed back above the border.The Vancouver Canucks signed Ferland to a four-year, $14 million contract hat carries an AAV of $3.5 million, the team announced Wednesday. The deal was originally reported by Sportsnet’s Elliotte Friedman.last_img read more

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