Postal Service Banking Limps On Despite Lackluster Results of Pilot Program

Postal Service Banking Limps On Despite Lackluster Results of Pilot Program

US Postal Service advocates are still pushing the USPS check cashing service despite dismal results from the initial pilot, which they blame on poor scope and planning. But those in the bank and credit union industries still feel it’s unnecessary reports David Baumann.

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Credit Union Acquisition of Community Banks Rising, But Still “Small Proportion of Overall Consolidation”

Credit Union Acquisition of Community Banks Rising, But Still “Small Proportion of Overall Consolidation”

Credit union purchases of community banks is a hotly debated argument, with bank and tax advocates arguing that it’s time Congress reassess credit union tax exemption, but credit union advocates argue it’s a drop in the bucket of bank consolidation.

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What to Expect from the Battle for NCUA Supervisory Powers Over Third-Party Vendors

What to Expect from the Battle for NCUA Supervisory Powers Over Third-Party Vendors

The NCUA has been arguing for supervisory powers over credit union vendors for years now but has found little success with Congress; David Baumann investigates the pros and cons of such a change and what to expect in 2024.

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NCUA lays out examiner priorities for 2024

NCUA lays out examiner priorities for 2024

David Baumann details the NCUA’s laundry list of examiner priorities for 2024 from interest rate risk to consumer financial protection, and what credit unions should be ready for.

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CFPB’s Proposed Overdraft Fees Rule Lauded by Some, Condemned by Others

CFPB’s Proposed Overdraft Fees Rule Lauded by Some, Condemned by Others

The CFPB’s proposed overdraft rule, which would affect the largest credit unions and banks, is praise from consumer rights advocates. Banks and credit unions, however, are standing united in opposing the rule, reports David Baumann.

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2024: What’s in Store for the Credit Union Industry?

2024: What’s in Store for the Credit Union Industry?

As we step into 2024, David Baumann reports on where the industry is headed and what big moves from major players such as the NCUA, the newly formed America’s Credit Unions, Congress, and the CFPB we can expect.

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Climate Advocates Call for NCUA to Establish ‘Resilience Office’

Climate Advocates Call for NCUA to Establish ‘Resilience Office’

The NCUA should fund a Climate Resilience Office as part of its 2024 budget, environmental, progressive and consumer groups told the agency this month. CUCollaborate’s David Baumann reports.

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NCUA Inspector General Auditing CU Chartering Process

NCUA Inspector General Auditing CU Chartering Process

Following the NCUA’s proposal to streamline the chartering process earlier this year, the NCUA Inspector General has announced he will be doing an audit on the process to determine its effectiveness, reports David Baumann of CUCollaborate.

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CU Trades: NCUA Doesn’t Need Beefed Up Consumer Protection Exams

CU Trades: NCUA Doesn’t Need Beefed Up Consumer Protection Exams

Previewing their testimony for Thursday’s hearing on the NCUA budget, the two national industry trade groups on Monday said they vehemently oppose the agency’s plan to hire additional examiners to focus on consumer protection, reports David Baumann of CUCollaborate.

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Marijuana Businesses Sue to Gain Access to Financial Services

Marijuana Businesses Sue to Gain Access to Financial Services

Due to a lack of federal regulation, many financial institutions cannot serve marijuana businesses without risk of repercussions. This inaccessibility leaves marijuana businesses open to safety and financing issues, the Massachusetts marijuana businesses argued when they filed their lawsuit last week, reports David Baumann.

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