Federal Court Rules BCFP’s Structure Unconstitutional

A federal District Court in New York just ruled that the structure of the Bureau of Consumer Financial Protection (BCFP) is unconstitutional. The ruling is at odds with a February ruling by the federal appeals court in Washington that upheld the BCFP's structure.

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NCUA Board Approves Final Rule on Field of Membership

The National Credit Union Administration (NCUA) voted today to finalize a second field of membership rule, giving credit unions the option to submit a narrative application for a well-defined local community rather than being limited to a presumptive statistical community.

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Rodney Hood Nominated for NCUA Board

President Trump has announced that he will nominate Rodney Hood to serve on the National Credit Union Administration (NCUA) board, replacing the seat currently occupied by Rick Metsger whose term expired last August.

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