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.
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.
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.
New industry advocacy group, American’s Credit Unions was officially formed on January 1st, ushering a great start to the new year for credit unions. Emily Claus reports on the organization’s plans for the year, new leaders, and how credit unions can stay in-the-know.