Credit Union Agencies Concerned Credit Card Competition Act Will Be Included In Disaster Relief Bill

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.

Read more
Bringing Communities Together On International Credit Union Day 2024

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.

Read more
America’s Credit Unions Submits Letter on Potential Amendments to National Defense Authorization Act

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.

Read more
Are You Prepared for Cybersecurity Month?

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.

Read more
America’s Credit Unions Pushes Back Against NCUA’s Proposed Succession Planning Rule

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.

Read more
NCUA Releases Second Quarter Credit Union Performance Data

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.

Read more
America’s Credit Unions Calls On NCUA to Make Significant Changes During EGRPRA Review

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.

Read more
White House Proposes New Law to Crackdown on Chatbots and Automated Recordings

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.

Read more
Credit Unions Avoid Expanded CRA Rules In New Housing Bill

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.

Read more
The Overdraft Issue

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.

Read more