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NCUA Issues Legal Opinion Letter on MFL

Aug
20
NCUA Issues Legal Opinion Letter on MFL

National Credit Union Administration (NCUA) has issued a legal opinion letter (11-0620) again addressing multi-featured lending plans (MFL).  The letter reinforces earlier guidance from NCUA issued to federal credit unions in NCUA Letter (12-FCU-02, July 20, 2012). The legal opinion provides:

Posted By Sharon Bahr read more

MFOEL Webinar August 15

Aug
06
MFOEL Webinar August 15

A number of credit unions remain concerned about multi-featured open-end lending (MFOEL) following the issuance of National Credit Union Administration's (NCUA) letter to federal credit unions last month (NCUA Letter No. 12-FCU-02).

Posted By Sharon Bahr read more
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