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.
The Bias Within Lending: Navy Federal and An Outdated System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.
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.
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.
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.
CFPB’s Proposed Overdraft Fees Rule Lauded by Some, Condemned by Others
The CFPB’s proposed overdraft rule, which would affect the largest credit unions and banks, is praise from consumer rights advocates. Banks and credit unions, however, are standing united in opposing the rule, reports David Baumann.
NCUA’s Tanya Otsuka Attends First Meeting as Member of the Board
Ten days after being sworn in on January 8th as the 25th NCUA Board Member, Tanya Otsuka attended her first National Credit Union Administration board meeting. Esteban Camargo reports on the events.
2024: What’s in Store for the Credit Union Industry?
As we step into 2024, David Baumann reports on where the industry is headed and what big moves from major players such as the NCUA, the newly formed America’s Credit Unions, Congress, and the CFPB we can expect.
Nussle Report Provides New Details on America’s Credit Unions
Following the formation of America’s Credit Unions, President and CEO of the organization, Jim Nussle, has spoken up about the group’s plans and goals moving forward, as well as how they are already advocating for credit unions within the industry. Emily Claus reports.
Top 10 CUSO Magazine Articles of 2023
As we move into 2024, the CUSO Magazine team took a moment to reflect on 2023 by sharing the most widely read articles of the year.
