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?

Financial Data Transparency Act Joint Data Standards

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury; Board of Governors of the Federal Reserve System (Board); Federal Deposit Insurance Corporation (FDIC); National Credit Union Administration (NCUA); Consumer Financial Protection Bureau (CFPB); Federal...

Prohibition on the Use of Reputation Risk

AGENCY: National Credit Union Administration (NCUA). SUMMARY: On October 21, 2025, the Board issued its Notice of Proposed Rulemaking to codify the elimination of reputation risk from its supervisory framework. This change aligns with Executive Order 14331,...

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...

CFPB Rule Exemption for CUs Equals Economic Growth: Trades

Credit unions could be freed up to spur more economic growth if Congress exempted many – if not all – of them from CFPB rulemaking and enforcement, trade groups told the Senate Banking Committee this week. “By more clearly directing the CFPB to...

Breaches Continue to Surpass 2016’s Record Pace

The Identity Theft Resource Center compared the number of breaches by industry sector for 2016 and 2017. Somewhat unnoticed in the midst of tax-season fraud and other cybersecurity headlines is the fact that the U.S. business sector has seen a 54% jump in the number...

Credit Cards Drawn More Often for Petty Purchases

Shoppers are using their credit cards more frequently on small purchases that they typically handled with cash in the past. A survey by CreditCards.com found that 17% of credit card holders said they most frequently use a credit card when buying items under $5 in a...