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?

Statutory Lien

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...

Member Business Loans; Commercial Lending

AGENCY: National Credit Union Administration (NCUA) ACTION: Interim final rule; request for comments. SUMMARY: The NCUA Board (Board) is amending its regulations governing member business loans and commercial lending. This interim final rule eliminates an outdated,...

Treatment of Emergency Amendments: Paycheck Protection Program Liquidity Facility and Paycheck Protection Program Loans

SUPPLEMENTARY INFORMATION: I. Introduction A. Background On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) into law.[1] The law provided aid to the U.S. economy during the COVID-19 pandemic. The CARES Act...

House Members Introduce Resolution to Nullify CFPB Payday Rule

A bipartisan group of House members on Friday introduced a resolution to nullify the CFPB’s payday lending rules. The rules, issued in October, but only published on Nov. 17, would crack down on an industry that critics contend charge exorbitant interest rates...

Should Bitcoin Finance Retirement?

A bitcoin IRA? What is the world coming to? The cryptocurrency has become so popular—despite fears of instability, possible illegality and potential loss—that its market value is now courting $10,000, even as industry heavyweights...

Unsubscribe Day: The Best Holiday

“Did you know email can be delivered faster than regular mail?” Yep, that was a sentence from a presentation about email marketing recently. Unbelievable. It’s 2017 people! A lot of us have a “Love/Hate” relationship with email. We hate...

70% of Consumers Would Stop Following a Business After Data Breach

Sixty-nine percent of consumers feel businesses don’t take customer data security very seriously and 70% of them said they would stop doing business with a company following a data breach. Amsterdam-based digital-security firm Gemalto also revealed in report...