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...

Smart Card Alliance Changes Name, Expands Security View

Princeton Junction, N.J.-based Smart Card Alliance announced it is changing to the Secure Technology Alliance and expanding its charter to include a broader range of security and privacy-enhancing technologies. “The Alliance’s focus has always been on...

People With Money Problems Less Likely to Reach Out for Help

When people are experiencing financial problems, they are less likely to reach out to financial professionals, according to a new survey by the National Foundation for Credit Counseling. Conducted by the Riverside, Calif.-based organization, the survey of 849 people...

Millennials: Financial Thinking

How do credit unions engage with millennials as potential members? That is the $64,000 question. As we know, our membership is the generation that precedes the millennials (age range 18 to 30), which has a different outlook. From the traditionalists born between 1900...

Doubling Down on Criticism of CFPB

Back in October, Brett Kavanaugh, a judge on the U.S. Court of Appeals for the D.C. Circuit, wrote a 101-page majority ruling assailing the “massive, unchecked” power of the single director-led Consumer Financial Protection Bureau. “Indeed, other...

OCC Moving Ahead With Fintech Charters

Despite concerns raised by Democratic senators, the Office of the Comptroller of the Currency is moving ahead with plans to issue charters to qualified fintech companies. “We will be issuing charters to fintech companies engaged in the business of banking...

Are CU Members Willing to Pay for Digital Banking Services?

Digital banking offers huge potential to improve interactions and deepen relationships with small businesses. Yet financial institutions too often provide digital services for free to customers willing to pay for services. That is a conclusion reached consulting firm...