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 This interim final rule eliminates an outdated,...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

Equifax Breach a Game-Changer for CU Fraud

Credit unions should immediately evaluate their credit reporting practices, find ways to get better breach data and prepare for a spike in fraud in the wake of Equifax’s enormous data breach, two experts have warned. The Equifax breach, announced Sept. 7,...

Irma’s Aftermath Continues to Take Toll on Florida CUs

The aftermath of Hurricane Irma continued to take its toll on Florida’s credit unions, employees and members as they headed into the weekend with no power or running water, the League of Southeastern Credit Unions reported Friday. The greatest challenge for the...

Democrats Press DeVos to Renew Cooperation With CFPB

Calling the CFPB a crucial watchdog of student loan servicers, some 39 congressional Democrats are pressing Education Secretary Betsy DeVos to again share servicer information with the consumer agency. “Contrary to the department’s assertion, Congress has...

A Blueprint: How to Win Big on Advocacy

What does modern-day advocacy look like? For certain, it’s still pounding the pavement of Capitol Hill, pressing the flesh, putting in face time with your members of Congress. In my time serving in office, the stories that struck me the most were always those I...

Two Storms, a Data Breach and Some Dreamers Walk Into a Bar

There are times in the credit union industry when it’s just busy – I’m talking wicked busy. The kind of all-hands-on-deck busy when so much is happening at once that you even dream about work and the storms, politics, housing markets and zombies....