Payday Lenders Oppose Quick Supreme Court Review of CFPB Ruling
David Baumann of CUCollaborate reports on whether the U.S. Supreme Court should rush a decision about whether to consider a federal appeals court ruling that found the funding mechanism for the CFPB unconstitutional.
NCUA Doubles Down on Budget Needs Citing Fraud
Citing an increase of fraud found during onsite examinations, NCUA Chair Todd Harper continues to argue for the need of in person audits and the budget to go with them.
Congress Returns With Major CU Proposals Unresolved
Congress returns to Capitol Hill this week with a long list of unresolved issues that could have a direct impact on credit unions—ranging from marijuana banking to credit card interchange policies, reports David Baumann of CUCollaborate.
CUNA Calls on Government for Regulatory Standards Regarding Digital Assets
CUNA has called on the Treasury Department to create a national standard on digital assets, as they claim a lack of regulatory oversight has allowed FinTechs to gain an unfair market share that runs rampant with illicit activities. Emily Claus reports.
FDIC: Percentage of Unbanked Households Dropped in 2021
Survey reveals less American households are without an account at either a bank or credit union, with the pandemic a main driver of the change, reports David Baumann of CUCollaborate.
NCUA’s Spooky Budget Increase Could Be Curbed By Expanding, Not Reducing, Remote Examinations
NCUA proposed a big increase to its operating budget in 2023, and many have come out in opposition. Esteban Camargo provides a little detail on the budget proposal, responses to it, and why the NCUA should reconsider its plans.
Celebrating International Credit Union Day 2022
On the 74th annual International Credit Union Day, Emily Claus reports on the theme, “Empowering Your Financial Future with a Credit Union,” its meaning, and what credit unions are doing to commemorate the occasion.
CFPB: Students Being Roped Into CU/Bank Accounts Marketed by Colleges
CUCollaborate’s David Baumann reports some colleges and universities are roping students into opening credit union or bank accounts that have unreasonable fees and penalties, the CFPB said, in a report released late last week.
The Credit Union Industry Celebrates Third Annual CU Kind Day
On October 10th, 2022, the credit union industry celebrated the fourth annual CU Kind Day. Emily Claus reports on the event and how credit unions chose to give back to their communities this year.
Congress Passes Funding, NFIP Extension, Goes Home with Work Undone
Congress managed to keep much of the federal government and the National Flood Insurance Program funded before leaving for the campaign trail last week but punted on many major issues—either preferring to consider them in a lame duck session or not at all, reports David Baumann of CUCollaborate.
