CFPB’s Contentious Credit Card Rule Will Face Stiff Challenge

CFPB’s Contentious Credit Card Rule Will Face Stiff Challenge

On March 5, the CFPB issued its final rule governing credit card late fees, reports David Baumann.

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Special Report from Day Four of the Governmental Affairs Conference

Special Report from Day Four of the Governmental Affairs Conference

As the 2024 Governmental Affairs Conference comes to a close, Emily Claus reports on all the activity from the final day including advice from keynote speaker Shaun White, a conversation with NCUA Vice Chair Kyle Hauptman, and of course, the many criticisms of the CFPB.

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Special Report from Day Three of the Governmental Affairs Conference

Special Report from Day Three of the Governmental Affairs Conference

At the end of another jam-packed day at the Governmental Affairs Conference, Emily Claus shares the highlights from day three, including the presenting of the Greg Inman Servant Leadership Award, NCUA board member Tanya Otsuka’s visions for the future, and a conversation with former UK Prime Minister Theresa May.

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Special Report from Day Two of the Governmental Affairs Conference

Special Report from Day Two of the Governmental Affairs Conference

Emily Claus reports on the events and information from day two of the Governmental Affairs Conference, including new information on America’s Credit Unions, discussions on AI, and community service.

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Special Report from Day One of the Governmental Affairs Conference

Special Report from Day One of the Governmental Affairs Conference

Emily Claus reports on the events that unfolded on day one of the Governmental Affairs Conference in D.C. this week, featuring opening remarks from Jim Nussle, the Underground Collision, and CUPride’s first Stand-up Summit.

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What to Expect from the Battle for NCUA Supervisory Powers Over Third-Party Vendors

What to Expect from the Battle for NCUA Supervisory Powers Over Third-Party Vendors

The NCUA has been arguing for supervisory powers over credit union vendors for years now but has found little success with Congress; David Baumann investigates the pros and cons of such a change and what to expect in 2024.

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The Bias Within Lending: Navy Federal and An Outdated System

The Bias Within Lending: Navy Federal and An Outdated System

Navy Federal Credit Union is currently facing a lawsuit for discriminatory lending practices. But is Navy Federal a lone offender? Or is this issue industry-wide? CUSO Magazine’s Emily Claus sat down with Tim Ray, CEO of VeriFast to delve deeper into the issue and discuss industry reform.

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NCUA Maintains Normal Operating Level of 1.33% After News of Better Than Expected Performance

NCUA Maintains Normal Operating Level of 1.33% After News of Better Than Expected Performance

NCUA staff announced the Normal Operating Level will remain at 1.33% after reporting that the equity ratio outperformed expectations, reports Esteban Camargo.

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NCUA lays out examiner priorities for 2024

NCUA lays out examiner priorities for 2024

David Baumann details the NCUA’s laundry list of examiner priorities for 2024 from interest rate risk to consumer financial protection, and what credit unions should be ready for.

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NCUA Financial Reports Shed Light on Gabriels Community Merger

NCUA Financial Reports Shed Light on Gabriels Community Merger

When Gabriels Community Credit Union announced it was merging with Michigan State Federal Credit Union without a vote from the credit union’s members, a number of questions were raised. Now, financial reports from the NCUA are shedding mote light on the credit union’s financial status and what might have led to the merger. Emily Claus reports.

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