NCUA Board Divided on Overdraft, Mortgage Servicing & Service Facility Rules

At the first meeting since Kyle Hauptman was sworn in as a member of the National Credit Union Administration, the board approved an interim final rule on overdrafts and a proposed rule on mortgage servicing. It also approved a change to its Multiple Common Bond credit union rule that board member Todd Harper believes violates the Federal Credit Union Act.

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NCUA Board Divided on Overdraft, Mortgage Servicing & Service Facility Rules

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