President Donald Trump wasted little time in naming R. Alexander Acosta on Thursday as his new Labor secretary nominee to replace Andrew Puzder, who withdrew from the nomination on Wednesday. Acosta, the only son of Cuban immigrants, is law...
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?
A Texas-Sized Credit Union Merger
Two Texas credit unions, the $197 million Qualtrust Credit Union of Las Colinas and the $1 billion Texas Trust Credit Union of Arlington announced that their boards agreed to unite. The newly combined credit union will begin joint operations under the Texas Trust...
CFPB Wins New Chance to Defend Single-Director Power Structure
The full U.S. Court of Appeals for the D.C. Circuit will take a fresh look at a ruling that struck down the Consumer Financial Protection Bureau’s structure as unconstitutional, setting the stage for a legal fight that carries significant implications for the...
NCUA’s Four Permanent Funds Earn Clean Audit
The NCUA announced Thursday that its four permanent funds received unmodified, or “clean,” audit opinions for 2016, according to audited financial statements released by the Office of the Inspector General. According to a statement from NCUA, the...
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mounting criticsm and GOP opposition, Andrew Puzder, President Donald Trump's nominee to head the Labor Department, has withdrawn from consideration, according to numerous published reports.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...