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 This interim final rule eliminates an outdated,...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...

Treasury Denounces CFPB Report, as Deadline Looms

As the deadline approaches for Congress to try to nullify the CFPB’s arbitration rule, the Trump Administration’s fight against the regulation intensified Monday, as the Treasury Department issued a new report blasting the agency’s decision to issue...

Dozens of Employees, Members Lose Homes in California Wildfires

Several California credit unions reported dozens of employees and members lost their homes during the California wildfires, and there could be more losses as neighborhoods were just re-opened Friday morning in Santa Rosa to anxious residents who evacuated their homes...

Harvey Weinstein Scandal: Lessons for HR Departments

What are some of the main lessons that all employers can take away from the fallout of sexual harassment claims against Hollywood producer Harvey Weinstein? First, it’s not enough to have company policies against harassment of any kind  –...

Getting to the Core of a Collaborative Effort

It is one thing to boast about communicating with users, it is quite another to actually build a core processing system using customer collaboration, such as Layton, Utah-based CUProdigy does. The foundation of CUProdigy’s capabilities centers around its cloud...

Scary Number of 2017 Breaches Tops 2016 Record High

Talk about scary Halloween tales. The number captured in the 2017 ITRC Breach Report now totals 1,103, an increase of 22.4% over last year's record pace for the same period (901). As of October 18, the breach total also represents 171,588,466 reported exposed records,...