CUNA, NAFCU and other financial trade associations wrote to the Consumer Financial Protection Bureau Friday requesting an extended comment period for the bureau’s proposed personal financial data rights rule, to at least 90 days (more than the proposed 60).
CUNA provided suggestions on how to improve NCUA’s speaker request forms in comments filed Friday, noting regulated credit unions’ ability to provide feedback to their federal regulator is of critical importance and beneficial for both NCUA and credit unions it supervises and insures.
NCUA Board Chair Todd Harper touched on overdraft and non-sufficient funds (NSF) products during his speech at the California and Nevada Credit Union Leagues’ REACH 2023 conference, and CUNA and Leagues continue to address concerns within state and federal political spheres.
CUNA's latest issue brief report reveals that the percentage of women in CEO positions is significantly higher at credit unions than banks, investigating the extent to which women are represented in leadership positions at credit unions compared to commercial banks.
The NCUA staff draft budget for 2024–2025 is now available on the agency’s website for review and comment. The draft budget has also been submitted for publication in the Federal Register, and the comment period is open until Nov. 21.
Credit unions are now protected by a nationwide injunction preventing implementation of the CFPB's section 1071 rule, after the U.S. District Court for the Southern District of Texas issued an order staying the rule for all covered financial institutions.
CUNA President/CEO Jim Nussle and NAFCU President/CEO Dan Berger hit back against a recent survey from bankers that misleadingly asserts consumers don’t support the credit union tax exemption in a new op-ed in RealClear Markets.
The MD|DC Credit Union Association hosted its annual YP Summit last week, bringing together 80 young professionals from over 20 credit unions for an opportunity to expand their networks, gain essential industry knowledge, and engage in impactful discussions.
Credit unions are concerned that the exponential growth of "buy now, pay later" products has outpaced prudential regulatory oversight and will ultimately lead to consumer harm, CUNA wrote to a House Financial Services subcommittee for its hearing on innovation in financial services.
The Federal Reserve issued a proposal Wednesday to make significant changes to the current debit card interchange cap. CUNA strongly opposes any changes—legislative or regulatory—to the current interchange system.