The World Council of Credit Unions supports most aspects of the Global Financial Innovation Network, but urges member agencies to work to ensure a level playing field. CUNA strongly supports the World Council’s recommendations as well.
CUNA supports the Bureau of Consumer Financial Protection’s participation in the Global Financial Innovation Network, but strongly encourages the bureau encourage the network to ensure a level playing field in comments submitted Sunday.
NCUA’s latest Letter to Federal Credit Unions features guidance on how credit unions can prepare a successful narrative application when using this option to apply for serving a well-defined local community.
In the latest edition of The Cheney Report, CUNA President/CEO Bill Cheney previews a new series of monthly upcoming webinars that will help credit unions tackle the challenges brought on by the changing nature of payments systems and technologies.
Some credit unions may be forced to discontinue, delay, or reduce their mortgage loan product offerings due to Consumer Financial Protection Bureau mortgage regulation changes that are set to take effect in January, a CUNA survey has revealed.
CUNA Vice President of Political Affairs Trey Hawkins said CUNA is looking forward to working with credit union-backed New Jersey Senate candidate Cory Booker (D), who won his special election contest Wednesday by an 11-point margin.
With a budget catastrophe averted, at least for now, credit unions must redouble their tax advocacy efforts as members of the U.S. Congress dust off and get back to work, CUNA Executive Vice President of Government Affairs John Magill said Thursday.
A plan to require yearly stress tests at credit unions with assets exceeding $10 billion, and a final rule on liquidity contingency plans, are two of the higher profile items on the National Credit Union Administration's October open board meeting agenda.
Federal workers were expected back to work today after the U.S. House and Senate Wednesday moved toward a solution to the weeks-old spending standoff that led to a government shutdown--and the suspension of many federal workers' job responsibilities, as well as their paychecks.
As the Oct. 28 effective date for new remittance transfer regulations approaches, CUNA is reminding credit unions of how the coming regulatory changes could impact their daily business, and how they can prepare for the changes.
Payment processing and loan modification issues continue to be the most widely reported problems with private student loans, the Consumer Financial Protection Bureau's Student Loan Ombudsman noted in its annual report released Wednesday.
National Credit Union Administration employees increased their donations to an area food bank by 961% this year. They gave more than 22,000 pounds of food to the Capital Area Food Bank through the Feds Feed Families program; it is expected to help more than 18,000 residents of the Washington metropolitan area.