Current Credit Union Matters Unfolding in D.C.
As the administration doles out executive order after executive order, credit unions are left scrambling to figure out how these all apply and what they mean. Emily Claus covers some of the more pressing credit union matters going on in D.C. and how they might affect the industry.
America’s Credit Unions Voices Support for Overturning CFPB’s Overdraft Rule
In the evolving struggle over the CFPB’s overdraft fee policy, America’s Credit Unions in collaboration with five other financial services trades has submitted a letter to Congress to reverse the rule set to take effect in October. CUSO Magazine’s Esteban Camargo reports.
House Passes Credit Union Board Modernization Bill (Again)
The Credit Union Board Modernization Act, which brings down the requirement of credit union board meetings from monthly to six per year, passed the House and is onto the Senate for the second time, Emily Claus reports.
Don’t Tax My Credit Union
As the new administration begins enacting new policies, Joshua Velasquez details proposed changes to the credit union tax exemption status and what steps credit unions can take to push back against this legislation.
Cap on Overdraft Fees Put on Back Burner as Acting CFPB Director Bessent Freezes Activity
Following the firing of former CFPB Director Rohit Chopra, new Acting Director Scott Bessent has ordered that much of the CFPB’s current initiatives be halted. CUSO Magazine’s Esteban Camargo reports.
Legislation Introduced to Change CFPB Funding Method
Emily Claus reports on the newly-introduced TABS bill, which aims to bring the CFPB under the standard appropriations process, despite the Supreme Court’s ruling in favor of the CFPB last year.
Kyle Hauptman Becomes Newest NCUA Board Chairman
President Trump designated Kyle Hauptman to serve as the National Credit Union Administration’s thirteenth Chairman of its board of directors. CUSO Magazine’s Esteban Camargo reports on Hauptman’s priorities and track record on the board.
NCUA Releases Research Note On Overdraft Fee Income
The NCUA has released a research note on credit union NSF and overdraft fee income as the CFPB attempts to limit such fees, Emily Claus reports.
NCUA Releases Report on 2023 Credit Union Diversity Self-Assessment
CUSO Magazine’s Esteban Camargo summarizes some of the results of the NCUA’s recently published 2023 Credit Union Diversity Self-Assessment Results Report, a voluntary survey credit unions can participate in.
Topics Credit Unions Should Keep an Eye On in the New Year
With the first week of the new year under our belts, Emily Claus covers some of the industry shifts and potential changes coming in the next few months that credit unions should have an eye on.
