CUNA Calls on Government for Regulatory Standards Regarding Digital Assets

CUNA Calls on Government for Regulatory Standards Regarding Digital Assets

CUNA has called on the Treasury Department to create a national standard on digital assets, as they claim a lack of regulatory oversight has allowed FinTechs to gain an unfair market share that runs rampant with illicit activities. Emily Claus reports.

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NCUA’s Spooky Budget Increase Could Be Curbed By Expanding, Not Reducing, Remote Examinations

NCUA’s Spooky Budget Increase Could Be Curbed By Expanding, Not Reducing, Remote Examinations

NCUA proposed a big increase to its operating budget in 2023, and many have come out in opposition. Esteban Camargo provides a little detail on the budget proposal, responses to it, and why the NCUA should reconsider its plans.

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The Credit Card Competition Act is Drawing Criticism from Credit Union Trade Groups

The Credit Card Competition Act is Drawing Criticism from Credit Union Trade Groups

A new bill from Senator Richard Durbin (D-IL) introduced in late July, the Credit Card Competition Act, is drawing the attention of the credit union industry, and not in a good way reports Esteban Camargo.

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The House Financial Services Committee Approves Controversial Legislation to Limit Overdraft Fees

The House Financial Services Committee Approves Controversial Legislation to Limit Overdraft Fees

Last week, the House Financial Services Committee approved overdraft legislation which would limit the number of overdraft fees banks and credit unions can charge their clients. Emily Claus discusses the bill’s future and repercussions.

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Bill Expanding Credit Union Fields of Membership Passed by House

Bill Expanding Credit Union Fields of Membership Passed by House

On Wednesday, June 15, the House passed the Expanding Financial Access for Underserved Communities Act which will give federal credit unions the ability to expand their fields of membership to include underserved communities, reports CUSO Magazine’s Esteban Camargo.

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Federal Housing Administration Gains Support for Forty-Year Mortgage Proposal

Federal Housing Administration Gains Support for Forty-Year Mortgage Proposal

As the comment period for the 40-year mortgage proposal made by the Federal Housing Administration drew to a close, NAFCU and CUNA voiced their support, reports Esteban Camargo.

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CUNA Releases Study on Credit Unions’ DEI Efforts

CUNA Releases Study on Credit Unions’ DEI Efforts

Esteban Camargo reports on the Credit Union National Association’s recently published study on credit union efforts to incorporate diversity, equity, and inclusion efforts into their strategic plans.

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New Bill Aims to Prevent the SBA From Becoming a Direct Lender

New Bill Aims to Prevent the SBA From Becoming a Direct Lender

Republicans have introduced a new bill to congress that aims to scale back the Small Business Association’s lending abilities, leaving a gap for credit unions to fill in the lending sphere. Emily Claus details the contents of the bill as well as CUNA’s endorsement of it.

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The Expanded Role of the CFPB in the Biden Administration

The Expanded Role of the CFPB in the Biden Administration

From overdraft policies to Buy Now Pay Later contracts, the CFPB during the Biden administration has taken action against those businesses that CFPB officials say are taking advantage of consumers. David Baumann shares some insights on what the CFPB has been focused on, and how interested parties have responded.

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CU Trades Ask CFPB to Regulate Buy Now Pay Later Firms

CU Trades Ask CFPB to Regulate Buy Now Pay Later Firms

Contending that the programs are growing tremendously and are largely unregulated, credit union trade groups are calling on the Consumer Financial Protection Bureau to set rules for Buy Now Pay Later programs being offered by relatively new financial companies, reports David Baumann.

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