CUNA News Archives

PODCAST: A discussion with Rodney Hood

PODCAST: A discussion with Rodney Hood

During a recent CUNA News Podcast interview at the 2019 African-American Credit Union Coalition Conference in Charlotte, N.C., NCUA Chairman Rodney Hood discussed the need for financial inclusion, small credit unions, easing credit unions’ [...]

Nussle talks CBO on CNBC’s closing bell

Nussle talks CBO on CNBC’s closing bell

CUNA President/CEO Jim Nussle appeared on CNBC’s Closing Bell Wednesday to discuss the 2019-2028 economic outlook released by the Congressional Budget Office (CBO). Nussle served as former director of the Office of Management [...]

Credit union victory in NCUA FOM challenge

Credit union victory in NCUA FOM challenge

The D.C. Circuit Court of Appeals issued an opinion today upholding almost all portions of the NCUA’s field of membership (FOM) rule, which had been challenged by American Bankers Association. “Today’s opinion [...]

CFPB assigns new student loan ombudsman

CFPB assigns new student loan ombudsman

Robert G. Cameron has been appointed by the Consumer Financial Protection Bureau to serve as the Bureau’s private education loan ombudsman. Created by the Dodd-Frank Act, the bill gives Treasury Secretary Steven Mnuchin and [...]

CUNA secures SAFE Banking Act support from state legislators

CUNA secures SAFE Banking Act support from state legislators

CUNA, working with a large group of state lawmakers around the country, has secured support for the Secure and Fair Enforcement (SAFE) Banking Act (H.R. 1595). The bill would protect financial institutions that serve [...]

CECL delay to 2023 proposed, comments due Sept. 16

CECL delay to 2023 proposed, comments due Sept. 16

The Financial Accounting Standards Board (FASB) has issued its proposal on giving certain entities, including credit unions, additional time to implement the current expected credit loss (CECL) standard. The proposal would delay implementation of CECL [...]

NW CUs meet with Congress, NCUA during Congressional recess

NW CUs meet with Congress, NCUA during Congressional recess

Northwest credit union leaders welcomed an opportunity to meet in Olympia last week with Todd Harper, recently sworn in as a Director on the three-person board of NCUA. Rep. Denny Heck, (D-Wash.) helped to facilitate [...]

Maurice Smith receives Lifetime Achievement Award

Maurice Smith receives Lifetime Achievement Award

The African-American Credit Union Coalition (AACUC) recognized Maurice R. Smith as the 2019 Recipient of the AACUC Pete Crear Lifetime Achievement Award at its 21st Annual Conference in Charlotte, N.C. Smith, CEO of Local [...]

CFPB announces updates TILA fees, thresholds for 2020

CFPB announces updates TILA fees, thresholds for 2020

The Consumer Financial Protection Bureau (CFPB) has announced adjusted threshold amounts for several provisions in Regulation Z, which implements the Truth in Lending Act (TILA). The CFPB is required to calculate the dollar amounts for [...]

FHFA to make CUNA-requested question removal to URLA

FHFA to make CUNA-requested question removal to URLA

The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to make specific modifications to the Uniform Residential Loan Application (URLA), including removal of a question CUNA feels could have raised legal [...]

Embrace ‘coopetition,’ Nussle says

Embrace ‘coopetition,’ Nussle says

Credit unions need to work together for the good of the movement, embracing collaboration as our “superpower,” says CUNA President/CEO Jim Nussle. “We do it better if we do it together,” he says. Nussle, [...]

LSCU’s La Pine: CUs purchasing banks is a ‘win-win’

LSCU’s La Pine: CUs purchasing banks is a ‘win-win’

It’s a win for consumers, their communities and their financial institution in the few scenarios when a credit union purchases a bank, League of Southeastern Credit Unions President/CEO Patrick La Pine wrote this [...]

Telling the credit union story

Telling the credit union story

The secret to working effectively with the media is a two-part recipe based on strong relationships with journalists and sharing quality, relevant stories reporters need, says Lauren Williams, CUNA’s media relations manager. Williams, who [...]

Real-time payments: A new era begins

Real-time payments: A new era begins

Monday’s announcement that the Federal Reserve plans to enter the real-time payments business created as much controversy as the wonky world of back-office processing can muster. FedNow, a “round-the-clock, real-time payment and settlement service,” [...]