NCUA Inspector General Auditing CU Chartering Process
Following the NCUA’s proposal to streamline the chartering process earlier this year, the NCUA Inspector General has announced he will be doing an audit on the process to determine its effectiveness, reports David Baumann of CUCollaborate.
As FDIC Proposes Deposit Insurance Changes, CU Trades Emphasize Parity
As policymakers struggle with whether to increase deposit insurance at financial institutions—the FDIC outlined its own plan on Monday—credit union trade groups said they want banks and credit unions to be treated the same if changes are made, reports David Baumann of CUCollaborate.
Democrats Want to Address Social Media Risks to Financial System
Following the failure of Silicon Valley Bank and Signature Bank, Democrats are questioning the impact social media might have had on the event and what user trends might have been capable of predicting.
NCUA: Deposit, Assets, and Loans Grew in Year Ending Q3
David Baumann of CUCollaborate examines the various areas of growth credit unions experienced in the third quarter of 2022, per the NCUA’s report.
CFPB: Students Being Roped Into CU/Bank Accounts Marketed by Colleges
CUCollaborate’s David Baumann reports some colleges and universities are roping students into opening credit union or bank accounts that have unreasonable fees and penalties, the CFPB said, in a report released late last week.
Here We Go Again—Flood Insurance Program Set to Expire
CUCollaborate: Credit union trade groups weigh in with NFIP once more set to lapse in September, writes David Baumann.
