CU Trades: NCUA Doesn’t Need Beefed Up Consumer Protection Exams
Previewing their testimony for Thursday’s hearing on the NCUA budget, the two national industry trade groups on Monday said they vehemently oppose the agency’s plan to hire additional examiners to focus on consumer protection, reports David Baumann of CUCollaborate.
Eltropy Announces Integration with Portico from Fiserv for Enhanced Credit Union Member Engagement
Eltropy, the leading digital conversations platform for community financial institutions (CFIs), today announced its integration with Portico® from Fiserv, a full-service account processing platform.
Members of CUNA and NAFCU Approve Merger
The proposed merger between CUNA and NAFCU to form America’s Credit Unions was approved last week by members of the organizations. The new entity will be legally formed on the first of the new year, reports Emily Claus.
NCUA’s Proposed 2025 Operating Budget Would Be Nearly $100 Million More Than Its Approved 2022 Budget
NCUA’s budget proposal for 2024-2025 has been released, and the numbers they are asking for should be setting off alarms with credit unions, says CUSO Magazine’s Esteban Camargo.
Marijuana Businesses Sue to Gain Access to Financial Services
Due to a lack of federal regulation, many financial institutions cannot serve marijuana businesses without risk of repercussions. This inaccessibility leaves marijuana businesses open to safety and financing issues, the Massachusetts marijuana businesses argued when they filed their lawsuit last week, reports David Baumann.
NCUA Board Nominee Tanya Otsuka Testifies at Confirmation Hearing
On Thursday, October 19, during a confirmation hearing before the Senate Committee on Banking, Housing and Urban Affairs, NCUA board nominee Tanya Otsuka provided her opening statement, reports Esteban Camargo.
Credit Unions Worldwide Celebrate the 75th Annual International Credit Union Day
On the 75th Annual International Credit Union Day, Emily Claus reports on the history of the event, past themes, and the celebrations going on across the world for the momentous occasion.
Senate Panel to Consider Otsuka Nomination to NCUA Board
The Senate Banking Committee on Oct. 19 will hold a confirmation hearing on the nomination of Tanya Otsuka to be a member of the NCUA board, reports David Baumann of CUCollaborate.
New Community Bank Survey Claims Credit Unions Are Not The Competition
The Conference of State Bank Supervisors has released its 2023 Community Bank Survey, which revealed that community banks do not view credit unions as their main competition in any product or service, reports Emily Claus.
NCUA Awards $3.1 Million in 2023 CDRLF Round
The NCUA announced Thursday that it has awarded $3.1 million in Community Development Revolving Loan Fund grants to 142 low-income credit unions and MDIs, reports David Baumann of CUCollaborate.
