The Consumer Financial Protection Bureau finalized its rule to eliminate arbitration clauses that are routinely included in many contracts for consumer financial products, which can protect credit unions from class action lawsuits.
CUNA President/CEO Jim Nussle said CUNA would push to remove language placing NCUA under the appropriations process from the House financial services and general government (FSGG) appropriations bill released Wednesday.
The Credit Union National Association (CUNA), CUNA Mutual Group and the National Association of Federally-Insured Credit Unions (NAFCU) jointly filed an amicus brief supporting the National Credit Union Administration’s field of membership rule.
CUNA Disaster Recovery Workshop, a new event that allows credit union professionals to develop, refine and test their approach to disaster recovery, crisis response and business continuity planning (BCP), will make its debut Dec. 5-6, 2017, in Las Vegas.
Today, the House of Representatives passed the Financial CHOICE Act by 233-186. Rep. Jeb Hensarling’s (R-Texas) legislation contains regulatory relief provisions that benefit credit unions and their members.
CUNA Credit Union Magazine announced today that James Schenck, President and CEO of PenFed Credit Union, will be honored as the 2017 Credit Union Hero of the Year. Schenck believes wholeheartedly in the cooperative spirit of the credit union movement.
The House Financial Services Committee today passed Committee Chairman Jeb Hensarling’s (R-TX) Financial CHOICE Act, which contains a number of regulatory relief provisions that would benefit credit unions, but several items that are concerning to the industry as well.