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...

Study Reveals Best & Worst States for Credit Conditions

Cardratings.com in Foster City, Calif. recently released the results of a national study to find out what states have the best and worst credit conditions. The credit conditions of each state were determined and ranked using five categories: average credit score from...

Should Financial Orgs Hack the Hackers?

Rep. Tom Graves, R-Ga., introduced a bill as a discussion draft that would allow a victim of a cyberattack to access the attacker’s computer in order to gather information about the attack to share with law enforcement or to stop the hacker from continuing to...

Credit Unions Try to Counter Trump’s Dismantling of CDFI

Some community development credit union officials said that they rely on the funds provided by the Community Development Financial Institutions Fund (CDFI) to help provide start-up loans to businesses. However, the Trump Administration has proposed killing the...

Former Board Chair & Board Member Who Held CU Captive Found Guilty

A former credit union board chair and CEO and a board member face decades in prison for their roles in taking control of a New Jersey credit union and using it to conceal an illegal Bitcoin operation that ran tens of millions of dollars in ACH transactions. Last week,...

The Intersection of Wall and Main

For decades, credit unions have sold themselves as being different than other financial institutions. Their corporate structure as cooperatives made them different in form but the difference went beyond just that. They were smaller, dedicated in philosophy and...

Regulatory Hurdles Too High for Potential New Credit Unions

Efforts to encourage new credit unions are hamstrung by a 17-step chartering process and burdensome regulations—hurdles that are too high for many potential financial institutions to clear, the president of a New York City credit union told a House subcommittee...