While the DOD has affirmed the Military Lending Act’s effective date for credit card accounts of Oct. 3, CUNA is engaged with legislators to build support for efforts to exempt credit unions from the rule.
NCUA Wednesday released a package of possible regulatory reforms and urged credit union stakeholders to read and comment. According to the agency, the reforms were recommended by an internal NCUA task force.
Increased regulatory burdens and "the multitude of complex regulations" that credit unions must now address has been one of the "most significant changes" in his 27 years in the movement, Tom Brewer, president/CEO of People's FCU, Nitro, W. Va., said at a Monday U.S. House field hearing.
he Federal Deposit Insurance Corporation Monday launched an Alliance for Economic Inclusion initiative in West Virginia, a move intended to improve the economic well being of low- and moderate-income individuals and families, including the unbanked and underserved.
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.
Credit Unions for Kids connects the credit union movement and CMN Hospitals to ensure patients are able to get the care they need. One such patient will perform on "America’s Got Talent" Tuesday at 8 (ET).