Credit union officials met with Rep. Nikki Budzinski, D-Ill., at the Illinois Credit Union League’s Springfield office Monday, discussing the financial services that credit unions provide to the nearly 345,000 credit union members residing in Illinois’ 13th Congressional District.
Credit union association leaders are working together to delay the CFPB from enforcing and implementing its final rule on section 101 of the Dodd-Frank Act. CUNA and NAFCU wrote a joint letter outlining concerns and requesting the delay of the rule after a U.S. District Court decision.
CUNA President/CEO Jim Nussle and NAFCU President/CEO Dan Berger issued a joint statement in response to the Community Development Financial Institution (CDFI) Fund’s Community Development Advisory Board’s Final and Approved CDFI Certification Recommendations adopted last week.
NCUA has observed a rise in cyberattacks against credit unions, including credit union service organizations (CUSOs), and others. These include an incident directly related to a critical vulnerability in the MOVEit Transfer web application, as well as other attacks unrelated to MOVEit.
NCUA issued a reminder this week that "having a policy or practice of requiring manual underwriting as an exception to automated underwriting systems based on a minimum or maximum age" violates the Equal Credit Opportunity Act (ECOA) and its implementing regulation, Regulation B.
Federal financial institution regulatory agencies updated existing guidance on liquidity risks and contingency planning. The updated guidance highlights that depository institutions should regularly evaluate and update their contingency funding plans.
Credit Union Rock Stars are outstanding credit union professionals and directors from a wide range of disciplines who inspire and innovate to advance the missions of their credit unions. The 25 members of the 11th class of Rock Stars were selected for their exceptional creativity, innovation, and passion.