Credit unions and how they help people were the topic of the day not only in the United States but around the world Thursday. International Credit Union Day special events were held, for example, in Brussels; Canada; London, and St. Kitts.
As credit unions worldwide celebrate International Credit Union Day, CUNA President/CEO Jim Nussle offered greetings from Cuba, where he is part of a contingent of credit union leaders working to bring cooperative financial services to the island nation.
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.