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.
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.
Achieving a balance between facilitating legitimate calls while preventing illegal calls is necessary to restore trust in our communications network, CUNA wrote to a Senate subcommittee Tuesday for its hearing on robocalls.
Both chambers of Congress are in Washington, D.C., this week. CUNA will be engaged with a Senate Commerce subcommittee hearing on robocalls, and a House Financial Services subcommittee hearing on buy now, pay later" products.
CUNA , NAFCU, and other organizations wrote to the Federal Reserve Board, urging it to reject merchant requests for further changes to Regulation II governing debit card interchange fees. It will meet Oct. 25 to discuss ‘proposed revisions to the debit interchange fee cap.’
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.