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?

Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the National Credit Union Administration

SUPPLEMENTARY INFORMATION: Table of Contents I. Background II. Legal Authority III. The NCUA Licensing Proposal IV. The NCUA Standards Proposal V. General Request for Comment VI. Regulatory Procedures I. Background On July 18, 2025, President Trump signed the GENIUS...

A CUSO Business Model That “Shows Credit Unions The Money” – NACUSO

By Guy MessickAdvisorNACUSO Business Services “Show me the money!” Credit unions are having a Jerry Maguire moment. Credit unions need more money and they need it now. To remain competitive, it is essential that credit unions grow to meet the changing expectations of...

Thresholds Increase for the Major Assets Prohibition of the Depository Institution Management Interlocks Act Rule

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is seeking comment on a proposed rule that would increase two thresholds in its regulation implementing management official interlocks for purposes of the Depository Institution...

Judge Rules Mick Mulvaney May Run CFPB

Mick Mulvaney may serve as the acting director of the CFPB, a federal judge ruled Tuesday evening. Mulvaney, the director of the Office of Management and Budget, was President Trump’s choice to run the agency following the resignation of Director Richard...

Red River FCU Sued for Trademark Infringment

Louisiana-based Red River Bank is suing Texas-based Red River Employees Federal Credit Union for trademark infringement and unfair competition, according to a complaint filed in Louisiana District Court.  The dispute revolves around the credit union’s...

Uber Breach Disclosure Fails to Arrive in a Timely Manner

Veiled among all the holiday and political news Uber disclosed hackers accessed the personal information of 57 million riders and drivers in 2016, a breach it didn't announce until last week. Uber paid hackers a $100,000 ransom to destroy the data at the time of the...

CUNA Assumes Mulvaney is Boss at CFPB; Sends Him Wish List

CUNA officials are assuming that Office of Management and Budget Director Mick Mulvaney is acting director of the CFPB and wasted wasting no time in sending him a laundry list of complaints about how the agency has operated. As a Republican House member from South...

Trump, Cordray Each Designate an Acting CFPB Director

Setting up a high-stakes legal and political battle, President Trump and CFPB Director Richard Cordray each designated an acting director for the agency following Cordray’s departure Friday. In a parting shot at the Trump Administration, Cordray announced he was...

Alexa Becomes Enrichment FCU Members’ New Banking Buddy

Enrichment Federal Credit Union has become the first credit union to roll out a new technology that allows members to manage accounts via voice-controlled smart speakers. Members of the Oak Ridge, Tennessee-based credit union will be able to move money between...