Harper and Otsuka Challenge Still on Hold; Crews Vote Coming This Week
NCUA board members Tanya Otsuka and Todd Harper continue their legal battle regarding their termination from the NCUA Board of Directors in April 2025. CUSO Magazine’s Esteban Camargo reports.
NCUA Set to Vote on Nominee
Two important items are occurring during today’s NCUA meeting. The Senate Banking Committee is poised to vote on the nomination of Joh Crews for NCUA board member. Crews has a deep background in banking, securities, and economics including serving as Treasury deputy assistant secretary, as well as the staff director...
NCUA Issues Guidance on Lending to the “Removable Population”
In accordance with Executive Order 14406 “Restoring Integrity to America’s Financial System”, the National Credit Union Administration along with fellow agencies the Office of the Comptroller of Currency and the Federal Deposit Insurance Corporation have issued guidance on lending to individuals not legally authorized to work in the United States. CUSO Magazine’s Esteban Camargo reports.
Senate Banking Committee Questions NCUA Deregulation Project
In a letter sent to NCUA Board Chair Kyle Hauptman at the end of June, Senator Elizabeth Warren questioned the agency’s deregulation project, shared concerns over the rolled back policies, and requested a briefing with Hauptman no later than July 16th, Emily Claus reports.
CUSO Magazine Celebrates Credit Union History Month
CUSO Magazine welcomes back Credit Union History Month for its second year, a month-long event devoted to looking back at the key credit union moments and players that brought our industry to where it is today. Emily Claus shares the purpose of the event, how we’ll be celebrating, and how your credit union can get the most out of it.
NCUA Announces CDRLF Grant Awards
The National Credit Union Administration announced that it has awarded $3.47 million to low-income designated credit unions through its CDRLF grants program, reports CUSO Magazine’s Esteban Camargo.
Takeaways from the 2026 CU*Answers Leadership Conference
CU*Answers held its Annual Leadership Conference discussing the future of the industry and of CU*Answers as it moves forward into 2027. Check out the key takeaways from each section of the event!
Credit Union Regulatory Relief Bill Passes
Monday night, the Senate passed the 21st Century ROAD to Housing Act, which includes several credit union relief elements, such as the long-awaited Credit Union Board Modernization Act, reports Emily Claus.
Senate Banking Committee Holds Hearing on Artificial Intelligence and its Role in Financial Services
Last week, the Senate Banking Committee held a meeting on “AI and the American Dream: Promoting Innovation, Affordability, and American Dominance.” CUSO Magazine’s Esteban Camargo reports on the hearing and what America’s Credit Unions is urging regulators to do with respect to credit unions and their use of AI.
NCUA Passes Interim Final Rule Confirming Preemption of IFPA
The NCUA has officially published its interim final rule on interchange, declaring that the Federal Credit Union Act, which grants credit unions the right to charge fees, preempts the Illinois Interchange Fee Prohibition Act, Emily Claus reports.
