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?

Request for Information Regarding Enhancing and Streamlining Data Collection From Credit Unions

AGENCY: National Credit Union Administration. ACTION: Notice; request for information. SUMMARY: The National Credit Union Administration (NCUA) is issuing this request for information (RFI) on opportunities to enhance and streamline NCUA's data collections....

Bank Conversions and Mergers, Subpart C-Merger of Insured Credit Unions Into Banks

( printed page 21391) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is proposing to amend its regulations governing the merger of insured credit unions into banks. The Board proposes to eliminate certain prescriptive procedural,...

Sharing is Daring – NACUSO

By Nate AndersonPresident & CEOrekindle The Control Conundrum My local community hosts a Tuesday night “running group.” They run together, then go out for drinks and food afterward. Every week they do this.  I’ve known about this group for over a year and have yet to...

Herb Wegner Memorial Award Winners Honored: GAC

WASHINGTON – This year’s recipients of the prestigious National Credit Union Foundation’s Herb Wegner Memorial Award were a former undocumented immigrant who became a credit union CEO, a retired president/CEO of the nation’s largest CUSO, who...

Economists Project Strong Credit Union Loan Growth: GAC

From left to right: Bill Hampel, chief economist and chief policy officer for CUNA, Steve Rick, chief economist for CUNA Mutual Group, Mike Schenk, vice president, economics and statistics at CUNA and Perc Pineda, CUNA's senior economist. WASHINGTON – Despite...

A Call for Strong Authentication to Boost Digital Security

The U.S. digital economy, including financial institutions, needs stronger authentication and security to succeed. That message comes directly from a detailed plan delivered by the National Institute of Standards and Technology. “Our reliance on passwords...

Credit Unions Sue Arby’s After Alleged Data Breach

Four credit unions and the Michigan Credit Union League have filed class-action suits against fast food giant Arby’s Restaurant Group, which recently acknowledged a potential data security incident. The complaints allege that malware on the Arby’s...

CFPB Gives Hints About UDAAP Enforcement: GAC

WASHINGTON – While it’s difficult to predict where the CFPB might strike next in taking action based on unfair, deceptive or abusive acts or practices (UDAAP), credit unions can get clues by carefully reading agency consent orders, attorney David Reed said...

Donovan Predicts CFPB Debate Will “Move to the Middle:” GAC

WASHINGTON--Changes to the CFPB’s structure and duties are likely to need a super-majority in the Senate, so credit unions must accept that the debate will “move to the middle,” Ryan Donovan, CUNA’s chief advocacy officer said Monday. Credit...