Credit Union Agencies Concerned Credit Card Competition Act Will Be Included In Disaster Relief Bill
When Congress reconvenes in November, it will rush to pass disaster relief for those affected by recent hurricanes. However, rumor has it that the proposed Credit Card Competition Act would be tacked on to the must-pass legislation, prompting concern from credit union groups, Emily Claus reports.
Bringing Communities Together On International Credit Union Day 2024
As credit unions worldwide celebrate the 76th annual International Credit Union Day, Emily Claus shares the history of the event, the year’s theme, and how credit unions are commemorating the occasion.
America’s Credit Unions Submits Letter on Potential Amendments to National Defense Authorization Act
Last week, America’s Credit Unions submitted a letter regarding the National Defense Authorization Act, asking committee members to oppose amendments to key credit union issues, Emily Claus reports.
Are You Prepared for Cybersecurity Month?
As we enter October, Emily Claus reminds readers of another very important reason for the season: Cybersecurity Awareness Month, and what your credit union should do to be prepared.
America’s Credit Unions Pushes Back Against NCUA’s Proposed Succession Planning Rule
In response to the NCUA’s proposed rule on succession planning, America’s Credit Unions has spoken out against the organization’s plans and asking them to reconsidering, calling the rule redundant and harmful, reports Emily Claus.
NCUA Releases Second Quarter Credit Union Performance Data
As the National Credit Union Administration releases the second quarter 2024 credit union performance data report, Emily Claus reports on some of the notable findings and changes from the previous quarter.
America’s Credit Unions Calls On NCUA to Make Significant Changes During EGRPRA Review
In response to the NCUA’s call for comments regarding its voluntary regulatory review, America’s Credit Unions has submitted a letter calling for large changes including expanding field of membership and raising interest rate caps.
White House Proposes New Law to Crackdown on Chatbots and Automated Recordings
In a new government-wide measure announced on Monday, the Biden Administration is going to begin cracking down on poor customer service practices it feels waste consumers’ time and money, such as AI chatbots, automated call responses, bad review suppression, reports Emily Claus.
Credit Unions Avoid Expanded CRA Rules In New Housing Bill
Senator Elizabeth Warren reintroduced the American Housing and Economic Mobility Act without any expansion to CRA requirements for credit unions, in a move highly praised by advocacy groups, Emily Claus reports.
The Overdraft Issue
Overdraft fees have long been the topic of debate, with the CFPB looking to severely limit or get rid of them entirely and credit unions, in return, looking to get rid of the CFPB entirely. But there are two sides, maybe even three, to every story. Emily Claus examines the overdraft issue, the various perspectives on it, and what potential outcomes there might be.
