Credit unions are among the institutions that offer products and services to fit their communities, the Consumer Financial Protection Bureau (CFPB) wrote in a report released Tuesday on challenges facing rural communities.
Eligible low-income designated credit unions seeking Community Development Revolving Loan Fund (CDRLF) grants in 2022 can apply between May 2 and June 24. The agency will award more than $1.5 million in CDRLF grants in four categories.
NCUA released its new Charter Application Guide and other resources today to assist people who want to bring federally insured financial services to their communities by starting a federal credit union. The new guide was developed as part of the NCUA’s Advancing Communities through Credit, Education, Stability, and Support (ACCESS) Initiative.
Though April is Financial Literacy Month, credit unions take financial education seriously all year long, Maine Credit Union League President/CEO Todd Mason wrote in the Portland Press-Herald. The Maine Credit Union League is promoting the theme “It’s Never Too Early” this month to get kids involved in financial education.
The NCUA board will hear a briefing on cybersecurity and the agency’s diversity, equity, and inclusion program at its April 21 meeting. The meeting is scheduled to begin at 10 a.m. ET and will be streamed live on NCUA.gov.
The NCUA board unanimously approved an interagency proposal that would amend the Uniform Rules of Practice and Procedure via notation vote. It would recognize the use of electronic communications in all aspects of administrative hearings.
CUNA wrote to House members Tuesday in support of including the Secure and Fair Enforcement (SAFE) Banking Act in the final version of the America COMPETES Act. SAFE Banking was in the House-passed COMPETES Act, but the Senate version did not contain it.
NCUA released its Office of Minority and Women Inclusion annual report, which provides an overview of the NCUA’s diversity and inclusion programs and initiatives in 2021. The report also highlights the agency’s efforts to ensure fair and inclusive business practices.
CUNA strongly objects to the Consumer Financial Protection Bureau’s (CFPB) classification of a broad range of common financial services fees as “junk fees,” it wrote Monday. CUNA responded to a CFPB request for information (RFI) on fees imposed by financial services providers.