Two former White House Chiefs of Staff will share their unique perspectives at the 2022 CUNA GAC. Reince Priebus, the first chief of staff to President Donald Trump, and Thomas “Mack” McLarty, chief of staff to President Bill Clinton, will participate in a moderated discussion.
CUNA supports the CFPB's inquiry into the tech companies’ payments practices and strongly encourages the CFPB to carefully examine and regulate these entities moving forward, it wrote in response to an order to large tech companies.
NCUA issued a Letter to Credit Unions (21-CU-16) to clarity about the already existing authority of federally insured credit unions to establish relationships with third-party providers that offer digital asset services to the members, provided certain conditions are met.
Federally insured credit unions continued to see elevated asset, share, and deposit growth over the year ending in the third quarter of 2021, according to the latest NCUA Quarterly U.S. Map Review, which tracks performance indicators for federally insured credit unions.
The White House released a letter advising financial institution executives and others about malicious cyber activity related to the holidays. The document, as well as other cybersecurity resources, is available on CUNA’s Cybersecurity homepage.
NCUA finalized its final Complex Credit Union Leverage Ratio (CCULR) rule at its Thursday meeting, its final of 2021. A complex credit union that opts into the CCULR framework would not be required to calculate a risk-based capital ratio under the risk-based capital rule effective Jan. 1, 2022.
The Senate confirmed Alanna McCargo to serve as president of the Government National Mortgage Association (Ginnie Mae). McCargo—senior advisor for housing finance at the Department of Housing and Urban Development—is the first permanent president since 2017.
The Senate passed a compromise version of the fiscal year 2022 NDAA Wednesday. Neither version contains language CUNA, Leagues, and credit unions fought to exclude that would have allowed banks the ability to operate rent-free on military bases.
CUNA is “very concerned with the condensed timeframe” between NCUA’s release of a draft budget and the scheduled vote on the budget at its Dec. 16 meeting, and questions whether additional time is needed for the agency to properly review feedback.
The Federal Communications Commission Tuesday night issued an order in response to the USTelecom petition on call blocking requirements. CUNA filed comments and ex parte letters with the FCC calling on it to ensure the purpose-built notification methods ordered are retained.
The Winter 2023 issue of Credit Union Magazine explores award-winning marketing, board training on a budget, developments in instant payments, service to small businesses, and NCUA’s final rule on member expulsion.