NCUA Issues Letter on Permissible Loan Interest Rate Ceiling Extended
August 28, 2024
August 28, 2024
ALEXANDRIA, Virginia, Aug. 28 -- The National Credit Union Administration issued the following letter (No. 24-FCU-02) on Aug. 27, 2024:
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To: All Federal Credit Unions
Subject: Consumer Lending
Status: Active
Dear Boards of Directors and Chief Executive Officers:
On July 18, 2024, the NCUA Board voted to continue the temporary 18-percent interest rate ceiling for loans made by federal credit unions, based on the au . . .
* * *
To: All Federal Credit Unions
Subject: Consumer Lending
Status: Active
Dear Boards of Directors and Chief Executive Officers:
On July 18, 2024, the NCUA Board voted to continue the temporary 18-percent interest rate ceiling for loans made by federal credit unions, based on the au . . .