The Hispanic market is the largest, fastest-growing, youngest, and most underserved market in the U.S. It presents a great
growth opportunity for credit unions seeking to remain viable in the future.
U.S. financial institutions used to consulting the convenient credit reports at their fingertips when considering a borrower's creditworthiness will find it tough going in many nations, especially in Latin America, to get a credit report. READ MORE
The IRS has issued regulations in final form that ease the reporting of employment taxes for small businesses, including smaller credit unions, required to pay monthly federal employment taxes. READ MORE
NCUA will seek statutory authority over only certain types of third-party vendors of services to credit unions in an accord reached Thursday by members of the agency board, CUNA has learned from high-level sources at the agency. READ MORE
CUNA’s center for professional development has certified a class of credit union professionals through RegTraC, CUNA’s Regulatory Training and Certification program. Use the Resource Link to view the complete list of recipients. READ MORE
CUNA compliance staff recently responded to a query if credit unions are required to disclose the numerical value of the military annual percentage rate to borrowers covered under the Military Lending Act.
Following its groundbreaking comprehensive study on regulatory burden, CUNA released its new Regulatory Burden Calculator that allows individual credit unions to assess the impact of regulation on their operations.
After months of advocacy by CUNA, the CFPB Thursday wrote to CUNA announcing it will initiate a rulemaking this summer to address issues with the bureau’s Truth in Lending Act-Real Estate Settlement Procedures Act integrated disclosures rule.