The CFPB consistently oversteps or fails to consider the whole impact of its regulations on credit unions and other consumer-focused institutions, CUNA's Jason Stverak wrote in American Banker, adding that this reality counters the bureau's pro-consumer mission.
President Joe Biden signed a continuing resolution Friday funding the federal government into 2024, following Senate passage of the bill late Wednesday. It funds financial services and general government areas and the National Flood Insurance Program through Feb. 2.
CUNA's National Awards Committee announced the 2023 recipients of the Dora Maxwell Social Responsibility Award, Louise Herring Philosophy in Action Member Service Award, and Desjardins Adult and Youth Financial Education Awards.
CUNA announced the addition of three Associate Business Members: Credit Unions First, Member Access Processing, and Vanco Payments LLC. Membership in the program offers a comprehensive suite of advantages aimed at enhancing market visibility and credibility.
CUNA, NAFCU, and coalition partners discussed the Federal Communications Commission’s (FCC) Telephone Consumer Protection Act (TCPA) rulemaking in meetings with commissioners’ staff over the past few weeks.
NCUA’s proposed 2024 budget represents a very significant increase from 2023 and CUNA is concerned with both the extent of and the reasons for the increase, CUNA Chief Economist Mike Schenk said at NCUA’s budget meeting Thursday.
The NCUA board approved a final rule expanding the definition of “qualified charity” credit unions can contribute to using a Charitable Donation Account (CDA). CUNA engaged with NCUA for more than a year on the need for such a rule, and fully supported it as proposed in comments filed in July.
Maine Credit Unions’ Campaign for Ending Hunger is bringing back its Holiday Meals for Mainers initiative. Now through Dec, 26 the Campaign is encouraging people to donate $5 (or more) to help feed a neighbor in need.
The Treasury’s Office of Cybersecurity and Critical Infrastructure Protection has been working closely with its financial services sector partners to respond to a ransomware incident last week targeting a financial institution and encourages all members of the financial services sector to review the relevant alerts.
CUNA announced its latest Associate Business Member is Open Lending, an industry leader in loan analytics and risk-based pricing. This partnership aims to strengthen advocacy efforts for credit unions and provide enhanced opportunities for borrowers.
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.