America’s Credit Unions Submits Letter on Potential Amendments to National Defense Authorization Act
Last week, America’s Credit Unions submitted a letter regarding the National Defense Authorization Act, asking committee members to oppose amendments to key credit union issues, Emily Claus reports.
Double-digit Billion Dollar Credit Unions Announce Intentions to Merge
CUSO Magazine’s Esteban Camargo reports on the announcements of $11.9B Digital Federal Credit Union and $16.7B First Tech Federal Credit Union and their intentions to merge in 2025.
America’s Credit Unions Pushes Back Against NCUA’s Proposed Succession Planning Rule
In response to the NCUA’s proposed rule on succession planning, America’s Credit Unions has spoken out against the organization’s plans and asking them to reconsidering, calling the rule redundant and harmful, reports Emily Claus.
NCUA’s Quarterly U.S. Map Review Reveals Credit Unions Weathering the Economy
CUSO Magazine’s Esteban Camargo reports on the latest NCUA quarterly U.S. map review, which shows that the median credit union may be struggling in key metrics when compared with the year prior.
NCUA Releases Second Quarter Credit Union Performance Data
As the National Credit Union Administration releases the second quarter 2024 credit union performance data report, Emily Claus reports on some of the notable findings and changes from the previous quarter.
NCUA Extends Temporary Interest Rate Ceiling for Federal Credit Unions
The NCUA board voted in July to extend the 18 percent interest rate ceiling through May 2026. CUSO Magazine’s Esteban Camargo reports.
America’s Credit Unions Calls On NCUA to Make Significant Changes During EGRPRA Review
In response to the NCUA’s call for comments regarding its voluntary regulatory review, America’s Credit Unions has submitted a letter calling for large changes including expanding field of membership and raising interest rate caps.
Illinois Law Restricting Interchange Fees Unites Banks and Credit Union Groups
Banking and Credit Union groups have joined forces to file a legal complaint in Illinois to oppose the recently signed Illinois Interchange Fee Prohibition Act. Esteban Camargo reports on the groups’ filing and the law it seeks to prevent.
White House Proposes New Law to Crackdown on Chatbots and Automated Recordings
In a new government-wide measure announced on Monday, the Biden Administration is going to begin cracking down on poor customer service practices it feels waste consumers’ time and money, such as AI chatbots, automated call responses, bad review suppression, reports Emily Claus.
America’s Credit Unions Voices Opposition to Act Aimed at Consumer Protection
Last week’s introduction of the Protecting Consumers from Payment Scams Act has caused a stir among the banking and credit union industries. CUSO Magazine’s Esteban Camargo reports on the bill and the response from America’s Credit Unions.
