NCUA Board Approves Proposed Rules and FCU Loan Interest Rate Ceiling
Last week at a meeting of the NCUA Board of Directors, the members voted 2-1 in favor of two proposed rules: one on incentive-based compensation and another a revised proposal on succession planning. The incentive-based compensation rule addresses requirements laid out in the Dodd-Frank Wall Street Reform and Consumer Protection...
All NCUA Board Members Give Remarks at Annual DEI Summit
NCUA Chairman Todd M. Harper, Vice Chairman Kyle Hauptman, and Board Member Tanya Otsuka all provided remarks on Diversity, Equity, and Inclusion at the NCUA’s recent DEI Summit, Emily Claus reports.
Credit Unions Behind on CDRLF Grant Applications Now Have Until July 12
On July 8, the National Credit Union Administration announced that it has extended the deadline for applying for the 2024 Community Development Revolving Loan Fund (CDRLF). Interested and eligible credit unions now have until July 12 to submit their application. CUSO Magazine’s Esteban Camargo reports.
Takeaways from the CU*Answers 2024 Leadership Conference
CU*Answers held its Annual Leadership Conference discussing the future of the industry and of CU*Answers as it moves forward into 2025. Check out the key takeaways from each section of the event!
NCUA Releases Annual Cybersecurity and Credit Union System Resilience Report
As the NCUA releases its annual Cybersecurity and Credit Union System Resilience Report to Congress, Emily Claus reports on the main concerns the NCUA is focusing on.
Congress Should Not Give NCUA Third Party Oversight Argues NACUSO
Last week, in a letter written to Congress, NACUSO urged Capitol Hill not to grant the NCUA authority over third parties, including credit unions service organizations, reports CUSO Magazine’s Esteban Camargo.
Despite Supreme Court Ruling, CFPB Still Under Fire From Critics
Supporters of the Consumer Financial Protection Bureau may have hoped that the recent U.S. Supreme Court ruling finding its funding mechanism constitutional would calm its critics; David Baumann reports on why that hasn’t been the case.
CFPB Structure, CDFI Funding, and Marijuana Banking Addressed in New Appropriations Bill
The House recently passed the FY25 Financial Services and General Government Appropriations Bill which restructures the CFPB and limits its funding, calls for marijuana banking protections, and outlines CDFI funding, Emily Claus reports.
States Weighing In on the Matter of Credit Union Purchases of Banks
State lawmakers in Colorado are doing something that members of Congress have refused to do. They have said that credit unions cannot buy banks. State legislators in Tennessee have said the same thing. David Baumann reports on the issue and whether other states may follow suit.
Supreme Court’s Rules in Favor of CFPB; Director Chopra Ramps Up Activity
Now that the Supreme Court has found the Consumer Financial Protection Bureau’s funding mechanism constitutional, Director Rohit Chopra is revving up the agency’s engines, reports David Baumann.
