Nussle Report Provides New Details on America’s Credit Unions

Nussle Report Provides New Details on America’s Credit Unions

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.

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America’s Credit Unions Officially Launches

America’s Credit Unions Officially Launches

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.

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Despite Earlier Success, Marijuana Banking May Be a Ways Off

Despite Earlier Success, Marijuana Banking May Be a Ways Off

With Congress recessed, any expectations for protections to financial institutions serving cannabis businesses will have to wait until 2024, and most lobbyists and Congressional staff suggest even that is unlikely.

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Senate Confirms Otsuka to Serve on NCUA Board

Senate Confirms Otsuka to Serve on NCUA Board

The Senate voted to confirm Tanya Otsuka to serve on the NCUA board Wednesday. Otsuka currently serves as senior counsel for the Senate Banking Committee and was nominated by President Joe Biden in September.

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NCUA Board Finalizes 2024-2025 and Central Liquidity Facility Budgets

NCUA Board Finalizes 2024-2025 and Central Liquidity Facility Budgets

Following its October budget proposal and subsequent commenting period, the NCUA Board has approved the 2024-2025 and Central Liquidity Budgets, reports CUSO Magazine’s Esteban Camargo.

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Climate Advocates Call for NCUA to Establish ‘Resilience Office’

Climate Advocates Call for NCUA to Establish ‘Resilience Office’

The NCUA should fund a Climate Resilience Office as part of its 2024 budget, environmental, progressive and consumer groups told the agency this month. CUCollaborate’s David Baumann reports.

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CU Trades: NCUA Doesn’t Need Beefed Up Consumer Protection Exams

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.

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Credit Unions and the Consolidation Curve

Credit Unions and the Consolidation Curve

Credit union mergers have been at the forefront of news for years now, with industry professionals expressing disappointment and concern over the trend. But are mergers a worrisome sign or simply a symptom of a much larger trend at play? Emily Claus reports on the Consolidation Curve and where we our industry fits into it.

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Members of CUNA and NAFCU Approve Merger

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.

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CUNA-led Litigation Results in Nationwide Stay of the CFPB’s 1071 Rule

CUNA-led Litigation Results in Nationwide Stay of the CFPB’s 1071 Rule

Credit unions are now protected by a nationwide injunction preventing implementation of the Consumer Financial Protection Bureau’s Section 1071 rule, thanks to quick legal action by CUNA, Cornerstone League and Rally Credit Union of Corpus Cristi, Texas. 

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