Garvey, Steele & Bancroft, LLP became the latest business advocate for credit unions by becoming a CUNA Associate Business Member, it was announced this week. The firm provides a services to approximately 70 financial institutions throughout the northeast.

NCUA issued a Regulatory Alert this week on the CFPB’s June 30 final rule temporarily amending certain mortgage servicing requirements. The final rule only applies to servicers that service mortgages secured by a borrower’s principal residence and does not apply to small servicers.

The latest episode of the World Council of Credit Unions' Global Credit Union Podcast features Senior Vice President of International Advocacy Andrew Price discussing his work with global standard setters and regulators. 

CUNA joined other organizations Monday to express strong opposition to any expansion of the Durbin Amendment, saying support for any legislation on this topic would undermine the overall health and security of the U.S. payments ecosystem.

NCUA’s Normal Operating Level should be returned to the historical 1.30%, CUNA wrote the agency in response to a request for comment for setting the NOL. NCUA adopted a policy for setting the NOL in 2017, establishing a periodic review of the equity needs of the share insurance fund.