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 Collections for Comments Request: Proposed Collections

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice and request for comments. SUMMARY: The National Credit Union Administration (NCUA) will submit the following information collection requests to the Office of Management and Budget (OMB) for review and...

Corporate Credit Unions

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is proposing to amend its regulations for corporate credit unions by removing the requirement that a corporate credit union's asset and liability management committee (ALCO) must have...

Guidelines for Safeguarding Member Information

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is proposing to remove Appendix A to part 748, guidelines for safeguarding member information, from the Code of Federal Regulations (CFR). Appendix A was issued to satisfy the NCUA's...

Hacks for Your Best GAC Ever

If you’re headed to CUNA’s Governmental Affairs Conference at the end of the month, you’re probably looking forward to catching up with old credit union friends, learning about the industry’s latest innovations and convincing your state’s...

Puzder Withdraws as Labor Secretary Nominee

Facing mounting criticsm and GOP opposition, Andrew Puzder, President Donald Trump's nominee to head the Labor Department, has withdrawn from consideration, according to numerous published reports. A source told CBS News Wednesday, a day before Puzder's...

Data Breaches in 2017: No Relief in Sight

The Ponemon 2016 Cost of Breach Study underscores the need for companies to take all necessary measures to combat the scourge of data breaches. These include the establishment of a chief information security officer, appropriate data loss prevention...

Low-Income Credit Unions Should Apply for CDFI Certification

Credit unions exist to offer affordable services that help people build financial security and to make investments that encourage economic growth in their communities. Two-thirds of federally-chartered credit unions also carry the “low-income” designation,...

Cruz: Abolish the CFPB

While many Republicans are struggling with their proposals to decrease the CFPB’s powers, two lawmakers have a simple solution—abolish the agency. This week, Sen. Ted Cruz (R-Texas) and Rep. John Ratcliffe (R-Texas) introduced a one sentence bill that...

Mortgage Delinquencies Rise After Historic Low

Homeowners fell at least 60 days behind in their payments at a higher rate in the fourth quarter from a historic low, while those in foreclosure continued to dwindle, the Mortgage Bankers Association reported Wednesday. The seasonally adjusted delinquency rate stood...