The Credit Card Competition Act and Its Implications for Card Rewards
As we continue this two-part series on interchange, Esteban Camargo discusses the Credit Card Competition Act of 2023, what supporters and opponents are saying about it, and what the aftermath of the 2010 Durbin Amendment might suggest is in store for credit cards.
GAO Says CDFIs Need Help, NCUA Making $3.4 Million Available to Low-Income-Designated Credit Unions Through CDRLF Grants
The Government Accountability Office recently published a study suggesting CDFIs and MDIs need more help acquiring and implementing technology to help low- and moderate-income communities; meanwhile the NCUA is opening its CDRLF grant program for 2024 to assist low-income-designated credit unions. CUSO Magazine’s Esteban Camargo reports.
What is Interchange and Why Does it Matter to Credit Unions?
Financial literacy month continues with part one of Esteban Camargo’s two-part series on interchange income: what it is, why it’s important to credit unions, and what politicians are trying to change.
Explaining Credit Union Allowance for Credit Losses and CECL
As Financial Literacy Month kicks back off, Esteban Camargo continues his education series on the inner working of credit unions by examining Allowance for Loan and Lease Losses and Current Expected Credit Loss.
Cooking with CUSO Mag: Colombian Cooperatives and Empanadas
In the second edition of this exclusive series from CUSO Magazine, Esteban Camargo bridges the gap of credit union education and food blog… Learn about the landscape of Colombian credit unions before making Esteban’s favorite food: Colombian empanadas.
NCUA’s Released 2023 Q4 System Performance Data Continues Trend of Declining Credit Union Numbers
Last week, the National Credit Union Administration released the credit union system performance data for the fourth quarter of 2023. Esteban Camargo reports on some of the highlights from the report.
NCUA Maintains Normal Operating Level of 1.33% After News of Better Than Expected Performance
NCUA staff announced the Normal Operating Level will remain at 1.33% after reporting that the equity ratio outperformed expectations, reports Esteban Camargo.
NCUA’s Tanya Otsuka Attends First Meeting as Member of the Board
Ten days after being sworn in on January 8th as the 25th NCUA Board Member, Tanya Otsuka attended her first National Credit Union Administration board meeting. Esteban Camargo reports on the events.
Despite Earlier Success, Marijuana Banking May Be a Ways Off
With Congress recessed, any expectations for protections to financial institutions serving cannabis businesses will have to wait until 2024, and most lobbyists and Congressional staff suggest even that is unlikely.
NCUA Board Finalizes 2024-2025 and Central Liquidity Facility Budgets
Following its October budget proposal and subsequent commenting period, the NCUA Board has approved the 2024-2025 and Central Liquidity Budgets, reports CUSO Magazine’s Esteban Camargo.
