Australia Checks Out
As Australia announces its official plan to phase out and eventually completely discontinue paper checks, Bob Anderson ponders the motives behind the move, whether other countries will follow in their footsteps, and just how long paper checks might have left.
Paul Treinen Selected to Serve as President/CEO of World Council of Credit Unions
The World Council of Credit Unions announced on Monday that interim President/CEO Paul Treinen has agreed to serve in a permanent capacity in that role. CUSO Magazine’s Esteban Camargo reports.
Incoming CEO of America’s Credit Unions Shares Priorities
Ahead of his tenure as America’s Credit Unions new President and CEO, Scott Simpson updates the industry on his perspectives, experience, and priorities, Emily Claus reports.
America’s Credit Unions Calls on NCUA to Reduce Operational Expenses Related to Travel
America’s Credit Unions is calling on the NCUA to keep a tighter rein on its travel expenses, one step in ensuring the NCUA is a “prudent steward of credit unions’ funds”. CUSO Magazine’s Esteban Camargo reports.
Credit Union Supported Bill Passes Senate
Over the weekend, the Senate passed the Homebuyers Privacy Protection Act, a credit union-supported bill, aimed at stopping the practice of trigger leads, Emily Claus reports.
NCUA Board Members Harper and Otsuka Return for Board Meeting Prior to Stay by Appeals Court
Following their reinstatement as members of the NCUA Board, Todd Harper and Tanya Otsuka returned for the July 24 board meeting before a stay by a federal appeals court set them outside looking in once again. CUSO Magazine’s Esteban Camargo reports.
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.
NCUA Advances Voluntary Review of Agency Regulations
The National Credit Union Administration announced the second Request for Comment has been opened as part of its voluntary review of agency regulations to identify burdensome rules, reports CUSO Magazine’s Esteban Camargo.
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.
