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
The subject of dividends has come up in a number of questions to CUNA’s compliance staff recently, making this a good time to address questions with the NCUA’s Truth in Savings Regulation (12 CFR 707).
The CFPB is expected to release its proposal on debt collection in conjunction with a July 28 field hearing in Sacramento, Calif. CUNA has met with the bureau a number of times to address the forthcoming rulemaking.