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?

Renewal of Agency Information Collection of a Previously Approved Collection; Request for Comments

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice of submission to the Office of Management and Budget. SUMMARY: As required by the Paperwork Reduction Act of 1995, The National Credit Union Administration (NCUA) is submitting the following...

Proposed Third-Party Risk Management Guidance

AGENCY: The Office of the Comptroller of the Currency (OCC), Treasury, the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA). ACTION: Proposed interagency...

Renewal of Agency Information Collection of a Previously Approved Collection; Request for Comments

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice of submission to the Office of Management and Budget. SUMMARY: As required by the Paperwork Reduction Act of 1995, The National Credit Union Administration (NCUA) is submitting the following...

Readers Discuss Merger Issues

Issues surrounding credit union mergers, including misled members of merging credit unions and the NCUA's proposed merger rules, got readers talking this past week. Find out what they had to say about that and other credit union news here.

Auto Loan Fraud Losses Accelerate at Credit Unions

Just as credit union executives spend a lot of time thinking about how to better serve their members, criminals spend a lot of time thinking about fraudulent schemes to get loans, particularly auto loans.

House Passes CHOICE Act, Senate Action Unlikely

The House on Thursday passed House Financial Services Chairman Jeb Hensarling’s (R-Texas) bill to overhaul the Dodd-Frank Act; the bill now goes to the Senate, where it is expected to die. The House passed the measure 233-186, with no Democrats supporting it and...

Mobile Banking Becoming Default Digital Standard

More than half of active digital banking users plug into mobile regularly and for some financial institutions, the percentage is even better than 70%, according to the Austin, Texas-based Malauzai Software. For its May Monkey Insights report Malauzai, a mobile and...