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.
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.