NCUA Holds First Board Meeting Since Dismissals
Operating as a one-member board, NCUA Chairman Kyle Hauptman held the organization’s first board meeting since the dismissals of fellow board members Tanya Otsuka and Todd Harper, Emily Claus reports.
Student Loans in the Wake of Department of Education Elimination: An Opportunity for Credit Unions
With the Department of Education on the brink of closing and the student loan system inside of it in a state of confusion and chaos, borrowers are in desperate need of solutions and support. Emily Claus urges credit unions to not only recognize the opportunity in front of them, but to answer borrowers’ call for help and serve as a trusted financial institution during this time.
Credit Unions Secure Major Tax Status Victory
Emily Claus reports that after months of relentless campaigning, credit unions have secured a huge win in the tax exemption fight, as the House Ways and Means Committee reconciliation bill presented today failed to include any changes to the industry’s tax status.
Losing the Language Barrier: Credit Union of Texas Launches Todos Unidos
To better meet the needs of Texas’s underserved Hispanic/Latino population, the Credit Union of Texas has launched Todos Unidos, its Spanish-language brand. Emily Claus sat down with the team to learn more about the creation of the brand and how it meets the needs of their community.
Lawsuit Filed Over NCUA Board Member Firings
Former NCUA Board Members Todd Harper and Tanya Otsuka have filed a lawsuit in response to their early dismissals from the agency by President Trump on April 15th, arguing the move violates the Federal Credit Union Act and is an overreach of executive power, Emily Claus reports.
How TikTok Conquered Financial Literacy (And How You Can Too)
As credit unions work to figure out the best way to provide financial literacy education to their members, Emily Claus shares where exactly those members are already getting their information, why it works for them, and why its time for credit unions to join in.
NCUA Argues One Board Member Constitutes a Quorum
The NCUA has released its first official statement since the firings of board members Tanya Otsuka and Todd Harper, stating its belief that remaining board member Kyle Hauptman constitutes as a quorum and is able to perform all board functions on his own, Emily Claus reports.
Trump Fires Democrat NCUA Board Members Todd Harper and Tanya Otsuka
Late Tuesday evening, President Trump fired two of the three NCUA board members—Democrats Todd Harper and Tanya Otsuka—years before their terms were set to expire, leaving Board Chair, Republican Kyle Hauptman, the sole remaining board member. Emily Claus reports.
House and Senate Both Pass Resolution to Nullify CFPB Overdraft Rule
As part of the administration’s deregulation efforts, both Chambers of Congress have passed a resolution which would nullify the CFPB’s Overdraft Rule, with the President expected to sign it in the coming weeks, reports Emily Claus.
America’s Credit Unions CEO and President Jim Nussle Announces Intention to Retire
Just one month after the Governmental Affairs Conference, America’s Credit Unions President and CEO Jim Nussle has announced his intention to retire from the organization in the coming months, Emily Claus reports.
