Federal Judge Reinstates Fired NCUA Board Members Harper and Otsuka
In a win for NCUA’s independence, a US District Judge has ruled that the President overstepped his authority in firing NCUA Board Members Tanya Otsuka and Todd Harper in April of this year, ordering that they be reinstated to their positions immediately, reports Emily Claus.
House Financial Services Committee Introduces Bill to Create More Credit Unions
Emily Claus reports on the House Financial Services Committee’s introduction of the American Access to Banking Act, which aims to support the creation of de novo credit unions and community banks.
Payments, Fraud, and AI—Oh My!
As members enjoy the ability to move money more easily, they also open themselves to risk. Amanda Crocker, President of SWIVEL, shares how credit unions can adopt these new technologies while also staving off fraud by finding the right partner.
Credit Unions Secure Tax Exemption Status
After months of relentless efforts, credit unions have managed to secure the safety of the tax-exemption status, now that the budget reconciliation bill has officially been signed into law, reports Emily Claus.
CUSO Magazine Introduces: Credit Union History Month
CUSO Magazine is thrilled to announce the creation of Credit Union History Month, an event devoted to looking back at the key credit union moments and players that brought our industry to where it is today. Emily Claus shares the purpose of the event, how we’ll be celebrating, and how your credit union can get the most out of it.
House and Senate Committees Put Pressure on NCUA’s Lone Board Member
As the agency currently operates with a one board member quorum, House and Senate committees are questioning the NCUA’s ability to do so and requesting information on its daily functions, reports Emily Claus.
America’s Credit Unions Calls for Succession Planning Rule to Be Rescinded
As the NCUA considers changes to the Succession Planning Rule it issued last year, America’s Credit Unions is calling for the rule to be rescinded and reproposed altogether. Meanwhile, all decisions are likely on hold until the courts rule on former board members Harper and Otsuka’s case, an decision the two are pushing to have handed down before the board reconvenes in July, reports Emily Claus.
Credit Unions and the Underserved: Cannabis Businesses
Though the cannabis industry is skyrocketing, raking in billions each year, many cannabis businesses are still left without proper access to financial services. CUSO Magazine’s Emily Claus sat down with Stacy Litke of Green Check Verified, to learn how credit unions can help support these businesses and what benefits await those who do.
Credit Unions Tracking Several Bills in Congress
With several bills concerning credit union matters under consideration in Congress, Emily Claus clears the confusion and lays out what pieces of legislation credit unions should be keeping their eyes on and why.
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.
