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.
The Credit Card Competition Act and Its Implications for Card Rewards
As we continue this two-part series on interchange, Esteban Camargo discusses the Credit Card Competition Act of 2023, what supporters and opponents are saying about it, and what the aftermath of the 2010 Durbin Amendment might suggest is in store for credit cards.
What to Expect from the Battle for NCUA Supervisory Powers Over Third-Party Vendors
The NCUA has been arguing for supervisory powers over credit union vendors for years now but has found little success with Congress; David Baumann investigates the pros and cons of such a change and what to expect in 2024.
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.
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.
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.
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.
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.
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.
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.
