NYC Taxi Drivers Getting Relief from Loans Made by CUs, Others
CUCollaborate: Beleaguered New York City taxi drivers may finally be getting some debt relief from huge taxi medallion loans they took out from financial institutions, including two defunct credit unions reports David Baumann.
The Credit Card Competition Act is Drawing Criticism from Credit Union Trade Groups
A new bill from Senator Richard Durbin (D-IL) introduced in late July, the Credit Card Competition Act, is drawing the attention of the credit union industry, and not in a good way reports Esteban Camargo.
Credit Union Groups Call on the NCUA for Merger Policy Reform
NAFCU and NASCUS both submitted comments to the NCUA ahead of their August 16th deadline for submissions calling for changes in merger policy and regulatory oversight, Emily Claus reports.
Social Media Blitz #ILoveMyCreditUnion Has Stellar Second Year
The second I Love My Credit Union Day, held on July 29th, was a resounding success for the credit union world. Emily Claus sat down with the creators and team behind the event to learn more about their inspiration, efforts, and what the future might hold.
Here We Go Again—Flood Insurance Program Set to Expire
CUCollaborate: Credit union trade groups weigh in with NFIP once more set to lapse in September, writes David Baumann.
NCUA to Receive Third-Party Oversight with New Bill Introduced
In a move opposed by credit union trade groups, Senators Jon Ossoff, D-GA, Cynthia Lummis, R-WY, and Mark Warner, D-VA, introduced a new bill that would provide NCUA with oversight powers over credit union organizations and service providers, reports CUSO Magazine’s Esteban Camargo.
A Decade of Service: Site-Four Celebrates Milestone Anniversary
In honor of Site-Four’s tenth anniversary, Emily Claus delves into the history of the data center, its successes, and the hard work of everyone involved.
The House Financial Services Committee Approves Controversial Legislation to Limit Overdraft Fees
Last week, the House Financial Services Committee approved overdraft legislation which would limit the number of overdraft fees banks and credit unions can charge their clients. Emily Claus discusses the bill’s future and repercussions.
Applications for CDFI Fund Suspended Between Oct. 1 and April 3
The Community Development Financial Institutions (CDFI) Fund recently announced that as it prepares for upcoming changes to its application process it will be suspending new applications and Target Market Modifications between October 1, 2022 and April 3, 2023, reports Esteban Camargo.
House Passes Bill on NCUA Third-Party Authority and Marijuana Banking
Last week, the House of Representatives passed the National Defense Authorization Act. Emily Claus details what parts of the bill impact credit unions and what changes can be expected.
