The need for regulatory relief--and credit unions’ continued ability to provide local-based financial services to their communities--were the focus of a meeting with Sen. Jon Tester (D-Mont.) and advocates from 4 Montana credit unions on Thursday.
Virtual lending to millennials will be critical to the future success and sustainability of credit unions, but it’s important to be cognizant of the growing risks posed by expanding online channels and take steps to mitigate them, CUNA Mutual Group’s Jim Bullard told a Discovery Conference audience Thursday.
Credit unions serve a vital role in their communities, CUNA board member Dallas Bergl told members of the Senate Banking Committee Thursday, but a one-size-fits-all regulatory climate threatens this relationship. Bergl testified on behalf of CUNA.
Credit Union Magazine is now accepting nominations for its 5th Annual Credit Union Rock Stars. Sponsored by Fiserv, the Credit Union Rock Stars are professionals and volunteers in credit union organizations who distinguish themselves through their dedication, ingenuity, performance, excellence, and contributions to their organizations and the industry.
INOVA FCU CEO and CUNA board member Dallas Bergl will share common-sense proposals to help credit unions foster economic growth with the Senate Banking Committee Thursday, as he testifies before the Senate Banking Committee on behalf of CUNA.
CUNA’s final rule analysis of the CFPB changes to the TRID rule is now available. The rule, published in the Federal Register this week is effective Oct. 10, with a mandatory compliance date of Oct. 1, 2018.
While proposed changes to the CFPB prepaid accounts rule provide some clarity, it will not be helpful for most prepaid card users and CUNA remains opposed to the rule’s application of Regulation Z to certain prepaid cards.