America’s Credit Unions Voices Opposition to Act Aimed at Consumer Protection
Last week’s introduction of the Protecting Consumers from Payment Scams Act has caused a stir among the banking and credit union industries. CUSO Magazine’s Esteban Camargo reports on the bill and the response from America’s Credit Unions.
When There Were Two National Credit Union Trade Associations
In a post CUNA/NAFCU merger industry, Chip Filson contemplates what might have been lost in the move; namely, a difference of opinion.
Despite Supreme Court Ruling, CFPB Still Under Fire From Critics
Supporters of the Consumer Financial Protection Bureau may have hoped that the recent U.S. Supreme Court ruling finding its funding mechanism constitutional would calm its critics; David Baumann reports on why that hasn’t been the case.
CFPB’s Credit Card Late Fee Rule Change Still Slated for May 2024 Despite Staunch Opposition
Opponents of the CFPB’s credit card late fee proposal are trying to shoot it down everywhere. So far, they are failing. The rule still is slated to go into effect next month. David Baumann reports on the latest developments.
Credit Union Acquisition of Community Banks Rising, But Still “Small Proportion of Overall Consolidation”
Credit union purchases of community banks is a hotly debated argument, with bank and tax advocates arguing that it’s time Congress reassess credit union tax exemption, but credit union advocates argue it’s a drop in the bucket of bank consolidation.
CFPB’s Contentious Credit Card Rule Will Face Stiff Challenge
On March 5, the CFPB issued its final rule governing credit card late fees, reports David Baumann.
Special Report from Day Four of the Governmental Affairs Conference
As the 2024 Governmental Affairs Conference comes to a close, Emily Claus reports on all the activity from the final day including advice from keynote speaker Shaun White, a conversation with NCUA Vice Chair Kyle Hauptman, and of course, the many criticisms of the CFPB.
Special Report from Day Three of the Governmental Affairs Conference
At the end of another jam-packed day at the Governmental Affairs Conference, Emily Claus shares the highlights from day three, including the presenting of the Greg Inman Servant Leadership Award, NCUA board member Tanya Otsuka’s visions for the future, and a conversation with former UK Prime Minister Theresa May.
Special Report from Day Two of the Governmental Affairs Conference
Emily Claus reports on the events and information from day two of the Governmental Affairs Conference, including new information on America’s Credit Unions, discussions on AI, and community service.
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.
