Credit Union Industry News & Updates

The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.

WHAT’S GOING ON AT CREDIT UNIONS?

Dependent Care and Board Member Expense Reimbursement

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board is amending its regulations concerning the reimbursement of reasonable expenses for federal credit union (FCU) officials. The amendment revises the definition of compensation to exclude...

Preemption-Federal Credit Union Non-Interest Charges and Fees

SUPPLEMENTARY INFORMATION: I. Introduction A. Background Federal credit unions (FCUs) routinely rely on third parties for a range of products and services.[1] In particular, third parties are crucial to FCUs' provision of payment cards, which are vital and deeply...

Regulation for Federal Financial Assistance

SUPPLEMENTARY INFORMATION: I. Executive Summary The Office of Management and Budget (OMB) proposes to revise several parts of the OMB Guidance for Federal Financial Assistance located in title 2 of the Code of Federal Regulations (CFR), subtitle A, to improve and...

Readers Fire Off Opinions

These reader comments addressed a California credit union merger, Apple's new P2P and CU news out of Washington.

FINRA Launches Innovation Outreach Initiative

The Financial Industry Regulatory Authority announced Tuesday that it has established an Innovation Outreach Initiative in an effort to better understand how new innovations in financial technology affect the industry. The initiative includes a Blockchain...

Red Flag Alert! How to Not Be ‘That Employer’

When I was a naïve 27-year-old, I decided to move to the San Francisco Bay Area and took the first job offered to me there – despite looming red flags. The job was as a “marketing assistant” for a small publisher of technology books –...