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.
Flood Insurance Program to Expire Unless Congress Acts Quickly
On Sept. 30—the end of the fiscal year—the authorization for the NFIP to write new policies expires, which could cause the postponement of thousands of home purchases, reports David Baumann of CUCollaborate.
NAFCU Congressional Caucus Underway In D.C.
As NAFCU’s annual Congressional Caucus opens up in D.C. advocates are meeting with lawmakers to discuss key topics and issues facing the industry, reports Emily Claus.
CU Groups Applaud NCUA Minority Depository Institution Program, but Say More Work Needed
From tailored examinations to merger assistance, the NCUA has taken useful first steps in increasing assistance to MDIs, but more work is needed say industry trade associations and MDI credit unions. CUCollaborate’s David Bauman reports.
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.
Economic Liberties Project: Junk Fees Create Unlevel Playing Field
Arguing that junk fees are not just annoying, but also create an unlevel playing field, the American Economic Liberties Project on Monday released model legislation that would provide Congress and state legislatures tools to tackle the issue, reports David Baumann of CUCollaborate.
I Love My Credit Union Day Celebrates A Triumphant Third Year
The third annual I Love My Credit Union Day, a worldwide social media blitz meant to spread awareness and appreciation for the industry, was a resounding success, reports Emily Claus, with over one thousand credit unions and organizations getting involved in the festivities.
No Successor Named as Hood’s Term Comes to a Close
As NCUA board member Rodney Hood’s term comes to a close, he has announced he has no intention of leaving until a new board member is nominated and confirmed, a process which could take months, reports Emily Claus.
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.
Mastercard Tells CUs, Banks to Stop Serving Marijuana Businesses
Demonstrating the perilous state of marijuana banking, Mastercard has directed credit unions and banks to stop offering payment services to marijuana-related businesses even in states where cannabis is legal, reports David Baumann of CUCollaborate.
