The Independent Community Bankers of America are asking the Trump Administration to push for a review of the credit union tax exemption, contending that they have an unfair advantage over banks. In a white paper sent last week to Treasury Secretary Mnuchin, the ICBA...
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?
Space Coast CU CEO Douglas Samuels Dies Suddenly
Douglas Samuels, president/CEO of the $4 billion Space Coast Credit Union, died suddenly and unexpectedly Friday, the Melbourne, Fla.-based credit union said Friday. He was 57. Samuels joined SCCU in 1991 as the vice president of information systems. He was...
Credit-Debit Card Fraudsters Target the Affluent
If you make $75,000 or more a year and have a college degree, you are more likely to receive a credit and debit card fraud alert from your financial institution, according to a new survey report from CreditCards. com. What’s more, despite the best efforts of...
5 Reasons for Employers to Feel Worried
Uncertainty is a common theme among employers this year thanks, in part, to new technologies, an unpredictable Trump administration and a web of new compliance standards on every government level, according to an annual survey from the law...
Congress Not Using Law to Wipe Out CFPB Prepaid Card Rules
Congress will not use the Congressional Review Act to prohibit the CFPB from issuing rules governing prepaid cards. The deadline for the House and Senate using the law to affect the rulemaking process expired Thursday. “When the CFPB originally released its...
Credit Unions Seek Limits on Race, Gender Reporting
Credit union trade organizations are pressing the Consumer Financial Protection Bureau to limit the scope of data they provide on business loan applications used by regulators to determine whether lenders are discriminating against women and minorities. CUNA and NAFCU...