One Scam, Two Scam, Old Scam, New Scam
The more things change, the more they stay the same, or at least so it goes in the world of scammers. CUSO Magazine’s Esteban Camargo documents some of the oldest scams around as well as some newer ones that attempt to con your members out of their money.
NCUA Board Nominee Tanya Otsuka Testifies at Confirmation Hearing
On Thursday, October 19, during a confirmation hearing before the Senate Committee on Banking, Housing and Urban Affairs, NCUA board nominee Tanya Otsuka provided her opening statement, reports Esteban Camargo.
NCUA Passes Rule to Remove Barriers to Credit Unions Working with Fintechs
During its eighth open meeting of 2023, the NCUA Board unanimously approved a new rule that will improve the ability of federally insured credit unions (FICUs) to partner with financial technology companies, reports CUSO Magazine’s Esteban Camargo.
NCUA’s Alternating Examination Pilot Program May Lead to Decision Soon
Speaking with NASCUS recently, NCUA Chairman Todd Harper said the agency is taking its insights and lessons learned from the Alternating Examination Pilot Program to determine whether the project is worth formally adopting, reports Esteban Camargo.
The CUNA-NAFCU Merger: What It Is and What It Means
Following the announcement of the CUNA and NAFCU merger intentions, CUSO Magazine’s Esteban Camargo provides some background on the organizations and touches on whether or not the merger will ultimately benefit or harm credit unions.
As NCUA Assists Vermont Credit Unions Affected by Floods, GAO Takes Shot at National Flood Insurance Program
While NCUA is offering assistance to Vermont credit unions affected by historic flooding, the Government Accountability Office is urging FEMA to increase premiums on the National Flood Insurance Program to keep it from further sinking under water, reports CUSO Magazine’s Esteban Camargo.
Consumers Charged Nearly $3 Billion in Fees Annually from Predatory Lenders According to Study
In a study released June 2023 by the Center for Responsible Lenders, analysts found that borrowers are charged nearly $3 billion annually for single-payment, payday installment, and car-title loans, reports Esteban Camargo.
Takeaways from the 2023 CU*Answers Leadership Conference
CU*Answers held its Annual Leadership Conference discussing the future of the industry and of CU*Answers as it moves forward into 2024. Check out the key takeaways from each section of the event!
Streamlining Field of Membership Expansion Will Hurt Small Credit Unions Say Community Bankers
Following the NCUA Board’s February approval of a proposal streamlining the field of membership application process, the change is now coming under fire by community bankers, reports CUSO Magazine’s Esteban Camargo.
CFPB’s Credit Card Late Fee Proposal Continues to Draw Criticism from CUNA
In a letter to the CFPB, the Credit Union National Association details its reasons for opposing the Bureau’s proposed reduction of maximum allowable credit card late fees to $8, reports Esteban Camargo.
