Credit Unions Want Quick Guidance on Digital Assets
Many credit unions appear to be anxious for the National Credit Union Administration to issue guidance about how they may host a digital wallet and use other new technology to provide new services to their members, reports David Baumann of the Washington Credit Union Daily.
Harper Endorses Report Identifying Climate Change as Systemic Risk
Federal financial regulators, including NCUA Chairman Todd Harper, endorsed a plan to ensure that agency rules and policies address the risks of climate change, reports David Baumann of the Washington Credit Union Daily.
Celebrating International Credit Union Day 2021
Celebrating credit unions and their cooperative spirit around the globe, the 73rd International Credit Union Day® recognizes how credit unions and members work together to build financial health. Emily Claus delves into this year’s theme, meaning, and celebrations.
NCUA Board to Consider Final CUSO Rule on October 21
The National Credit Union Administration board on Oct. 21 will consider a final rule governing the permissible activities for Credit Union Service Organizations—an issue that has been a contentious one for board members in the past, reports David Baumann of the Washington Credit Union Daily.
With a Little Help from Our Friends: What Credit Unions Can Do to Prepare for Cannabis Banking Partnerships
As the future of credit unions’ relationship with cannabis businesses lies in the hands of Congress, Stacy Brower details ways for credit unions to prepare for these accounts, should the SAFE Act pass.
CUNA Renews Call to Exempt Credit Unions from CECL
CUNA last week renewed its effort to convince the Financial Accounting Standards Board to amend the controversial Current Expected Credit Losses standard, contending that credit unions should not have to comply with it, reports David Baumann of the Washington Credit Union Daily.
Harper: Exams Demonstrate Need for Consumer Protection Focus
David Baumann of the Washington CU Daily reports that citing deficiencies that NCUA examiners found during the past year, board Chairman Todd Harper renewed his call for the agency to develop a separate consumer protection examination. His remarks came during his confirmation hearing before the Senate Banking Committee.
Communi7y Crew Hosts Pop Up With Local Nonprofit Beer City Dog Biscuits
The Community Crew hosted Beer City Dog Biscuits for a pop up event at CU*Answers, raising over $450 for the non-profit organization. Rachel Nesloney shares details of the fundraiser.
Banker—But No CU Official—to Testify at House Competition Hearing
A hearing on consolidation in the financial services industry will feature the perspective of the American Bankers Association, which has warned about the impact of credit unions purchasing banks, reports David Baumann of the Washington Credit Union Daily.
Hauptman: NCUA Must Make It Easier to Form a Credit Union
NCUA board Vice Chairman Kyle Hauptman believes that the NCUA must make it easier for groups to form new credit unions and should stop encouraging small, struggling credit unions to merge, reports David Baumann of the Washington CU Daily.
