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?

Third-Party Servicing of Indirect Vehicle Loans

( printed page 14484) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is seeking comment on a proposed rule that would remove the NCUA's unnecessarily prescriptive regulation regarding third-party servicing of indirect vehicle...

Advocacy in Action – NACUSO

Why NACUSO Shows Up in Washington Each year, thousands of credit union leaders gather in Washington, D.C. for the Governmental Affairs Conference (GAC). While the conference is known for its energy, scale, and tradition, at its core GAC represents something far more...

Sunshine Act Meetings

This site displays a prototype of a “Web 2.0” version of the daily Federal Register. It is not an official legal edition of the Federal Register, and does not replace the official print version or the official electronic version on GPO’s govinfo.gov. The documents...

Credit Unions Have Options to Address Appraiser Shortage: NCUA

Federal agencies responded to concerns about the shortage of state-certified and -licensed appraisers Wednesday, saying that financial institutions have two options to help ease the timely consideration of loan applications. The agencies said the concerns about the...

NCUA Bans 4 Former Credit Union Employees

The NCUA said Tuesday it banned three former credit union employees who were convicted of embezzlement, theft or fraud.  The federal agency also banned a fourth former credit union employee who was not convicted of a crime but consented to a prohibition order...

Job Misery Can Cripple Retirement

Miserable at work? It could cost you big time if you jump ship too early to retire and get away from it. So says a Motley Fool article on Madison.com. Citing a Conference Board report that more than half of Americans are “actively unhappy at...

Weak Cryptographic Policies Increase CU Cyberrisks

Many financial services organizations fail to enforce strong cryptographic protection policies in their DevOps environments, sometimes at the expense of security, data privacy and compliance in areas such as mobile banking. That is a finding by Salt Lake City,...

New Evidence of Fiduciary Rule’s Harm, Chamber Report Says

The U.S. Chamber of Commerce charges in a just-released report that new data coming out of a recent Department of Labor comment period on its fiduciary rule proves the rule is hurting small retirement savers. The report, “The Data is In: The Fiduciary Rule Will...

Becoming More Appealing to Our Fintech Friends

I last opined on the difficult marriage between credit unions and fintechs and concluded that it often leads to divorce because of very different motivators — hyper growth for-profit venture companies versus a conservative not-for-profit industry. Today I want...