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?

Renewal of Agency Information Collection of a Previously Approved Collection; Request for Comments

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice of submission to the Office of Management and Budget. SUMMARY: As required by the Paperwork Reduction Act of 1995, The National Credit Union Administration (NCUA) is submitting the following...

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By Dan Daggett COOCredit Unions First For years, Vehicle Service Contracts (VSCs) have been a reliable product for protecting members—and a profitable one for the providers behind them. But there’s a problem: in most cases, the credit union doesn’t see the profit....

Sunshine Act Meetings

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...

GAC 2018: Legislative, Regulatory Waters Remain Muddied

The U.S. Capitol Building Last year, thousands of credit union officials flocked CUNA’s Governmental Affairs Conference. With a new administration and a new Congress, they had many questions about nominees, regulatory moves and regulatory overhaul legislation. A...

First-Time Homebuyers Make Biggest Share of Deals in 17 Years

“Open House” Photographer: Ty Wright/Bloomberg Millennials are playing homeownership catch-up. First-time buyers rushed into the market last year, making 38% of all single-family home purchases, the biggest share since 2000, data released...

FIs Hear Mobile Threat Drumbeat but Overlook Them: Verizon

Verizon’s Mobile Security Index, found many organizations – including those in the financial services such as credit unions and banks – overlook basic mobile cybersecurity principles, leaving themselves and customers vulnerable to attacks....

PAL Program Can’t Replace Payday Lenders: Pew

The highly touted NCUA Payday Lending Alternative model is not an effective replacement for storefront short-term lenders that charge customers exorbitant interest rates, Nick Bourke, director of The Pew Charitable Trusts’ consumer finance project said Monday....

CFPB Wants to Know How Well It Engages With Public, Stakeholders

The CFPB is asking for public comments on how well it engages with the public and stakeholders, including the activities of its Credit Union Advisory Council. The request for information in assessing its public and non-public is one of several Acting Director Mick...