The video recording of the May 24 NCUA Board meeting is now available on the agency’s website. The board approved issuing a proposal on a new payday alternative loan product, and a final rule on severance claims.
The African-American Credit Union Coalition inducted three credit union leaders into its Hall of Fame during an induction reception at the CUNA Governmental Affairs Conference in Washington DC Tuesday evening.
CUNA joined with other financial trade associations Tuesday to write to Congress to correct a number of falsehoods contained in a recent retailer communication to Congress on data breaches. Retailers are attempting to push back against strong national data security standards, despite a lack of such standards causing major data breaches that bring additional costs to credit unions.
CUNA and the Illinois Credit Union League filed an amicus brief today in the U.S. District Court Northern District of Illinois Eastern Division in defense of Aurora Policeman Credit Union that is facing a frivolous lawsuit alleging violations of the Americans with Disabilities Act.
S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, would greatly ease the regulatory burden on credit unions and “inject new life into communities,” Rick Finley, CEO of WJC FCU, Damascus, Va., wrote in an op-ed piece published in The Virginian-Pilot.
In a unified show of support for legislation that will right size regulation for credit unions, the Northwest Credit Union Association and Nampa, Idaho-based Northwest Christian Credit Union joined Sen. Mike Crapo (R -Idaho) at a Boise news conference Feb. 20 in support of S. 2155.