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.
The Credit for Agriculture Producers Project in the Ukraine organized and hosted an engagement visit for international credit union experts, composed of members of World Council of Credit Unions and the Global Women’s Leadership Network to Ukraine from July 28 to Aug. 2.
The July 2017 edition of the CUNA Economic Update is now available. Hosted by CUNA Vice President of Economics & Statistics Mike Schenk and sponsored by CUNA CFO Council, the update provides a snapshot of the economy and the credit union movement’s financial performance as the third quarter begins.
New Jersey credit union advocates, under the leadership of their state league, reminded lawmakers of the value the credit union tax status creates for consumers and the U.S. economy during meetings with lawmakers last week.
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.