In response to the devastating flooding in Nebraska and the Midwest, the National Credit Union Foundation is distributing funds to the Nebraska Credit Union League through the CUAid General Disaster Relief Fund to assist credit union people affected.
The CFPB announced Thursday amendments to its advisory committee charters, which include the Credit Union Advisory Council, and also announced it will begin accepting applications for new council members soon.
CUNA has released an updated version of its share insurance fund distribution calculator tool, designed to help credit unions estimate the amount of their distribution from the $160 million announced by NCUA earlier this month.
CUNA will host Phil Hansen, multimedia artist, speaker, author and innovator, as keynote speaker for America’s Credit Union Conference. He will challenge ACUC attendees to spark their creativity by thinking outside the box.
The ability of the housing finance system to accurately assess credit risk while responsibly expanding access to affordable mortgage credit for consumers is a key concern for credit unions and the members they serve, CUNA wrote to FHFA Thursday.
The CFPB indicated in its report on administration of the Fair Debt Collection Practices Act that it intends to issue a proposed rule on debt collection that will address communications practices and consumer disclosures relating to the collecting of debts.
The World Council of Credit Unions urged the Basel Committee in Banking Supervision to provide flexibility when it comes to leverage ratio disclosures. The Basel Committee is the primary global standard setter for the prudential regulation of banks
CUNA leaders, including Ryan Donovan, Elizabeth Eurgubian, Todd Spiczenski and Tom Sakash, took time during last week's GAC to discuss several specific aspects of CUNA’s work on behalf of credit unions and members during interviews with CUBroadcast.
Credit union membership and loan growth weakened in January, but year-over-year membership and loan growth rates remain a strong 4.23% and 8.99% respectively, according to CUNA’s latest Monthly Credit Union Estimates.