Lions and Tigers and Bear Markets, Oh My!
It’s Financial Literacy Month and Esteban Camargo is back at it, seeking to expand his own financial literacy, and hopefully share some of that newfound knowledge with you, are dear reader. Kicking things off for 2025 is a look at bear and bull markets and how they affect credit unions.
Credit Unions and Politicians React to Trump’s Executive Order Targeting CDFIs
A March 14 Executive Order targeting the Community Development Financial Institutions Fund has left the credit union and banking industry gathering support from a growing list of bipartisan lawmakers who support the Fund and its importance in serving under- and unbanked communities, reports Esteban Camargo.
Hauptman’s Decision on Disclosure of Overdraft/NSF Fees Causes Stir Among NCUA Board
Following the decision by NCUA Board Chair Kyle Hauptman to cease releasing data on overdraft/NSF fee income, board members Tanya Otsuka and Todd Harper issued statements opposing the “unilateral” decision. Esteban Camargo reports.
America’s Credit Unions Voices Support for Overturning CFPB’s Overdraft Rule
In the evolving struggle over the CFPB’s overdraft fee policy, America’s Credit Unions in collaboration with five other financial services trades has submitted a letter to Congress to reverse the rule set to take effect in October. CUSO Magazine’s Esteban Camargo reports.
Cooking with CUSO Mag: Asian Credit Unions and a Pad Thai-inspired Sandwich
In the third 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 Asian credit unions before making Esteban’s unholy (but surprisingly delicious!) marriage of peanut butter and ranch dressing: a Pad Thai-inspired sandwich.
Cap on Overdraft Fees Put on Back Burner as Acting CFPB Director Bessent Freezes Activity
Following the firing of former CFPB Director Rohit Chopra, new Acting Director Scott Bessent has ordered that much of the CFPB’s current initiatives be halted. CUSO Magazine’s Esteban Camargo reports.
Kyle Hauptman Becomes Newest NCUA Board Chairman
President Trump designated Kyle Hauptman to serve as the National Credit Union Administration’s thirteenth Chairman of its board of directors. CUSO Magazine’s Esteban Camargo reports on Hauptman’s priorities and track record on the board.
NCUA Releases Report on 2023 Credit Union Diversity Self-Assessment
CUSO Magazine’s Esteban Camargo summarizes some of the results of the NCUA’s recently published 2023 Credit Union Diversity Self-Assessment Results Report, a voluntary survey credit unions can participate in.
NCUA Works with ALM First to Launch Investment Pilot Program for Complex Credit Unions
The National Credit Union Administration has approved an investment pilot program which will permit up to 30 complex federal credit unions (over $500 million in assets) to invest in ways previously prohibited under part 703 of NCUA’s regulations, reports Esteban Camargo.
NCUA Issues Interagency Warning on Elder Financial Exploitation
The NCUA and other agencies recently issued a statement on elder financial exploitation; its prevalence and what financial institutions can do to mitigate the risk and educate members, reports CUSO Magazine’s Esteban Camargo.
