CUNA News Archives

‘Deputize’ members in fraud fight

‘Deputize’ members in fraud fight

Fraud protection is the most important factor when consumers select a payment card, surpassing customer service, rewards, interest rates, and other factors, according to Javelin Strategy & Research. But few financial institutions provide clear and [...]

FHFA proposes Enterprise Regulatory Capital Framework amendments

FHFA proposes Enterprise Regulatory Capital Framework amendments

The Federal Housing Finance Agency (FHFA) last week released further proposed amendments to the regulatory capital framework rule for the Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac. Additional details can be found on [...]

Donovan: Banks fight old battles while CUs work to help

Donovan: Banks fight old battles while CUs work to help

Banks continue to fight “old, settled battles” as America’s credit unions remain focused on improving members’ financial well-being, CUNA Chief Advocacy Officer Ryan Donovan wrote Friday in Morning Consult. Donovan notes that banks still [...]

CUNA Attorney’s Virtual Conference coming Oct. 26-28

CUNA Attorney’s Virtual Conference coming Oct. 26-28

Credit union attorneys can earn up to 12 CLE credits, including two hours of ethics credits, by attending CUNA Attorney's Virtual Conference October 26-28. “Whether you serve as an in-house counsel or as outside counsel, [...]

Treasury, FHFA suspend troublesome PSPA provisions

Treasury, FHFA suspend troublesome PSPA provisions

The Treasury and Federal Housing Finance Agency (FHFA) Tuesday announced the suspension of several parts of the 2021 Preferred Stock Purchase Agreements (PSPAs). CUNA brought credit union concerns to the attention of FHFA Acting Director [...]

Credit union loans outstanding increased 0.8% in July

Credit union loans outstanding increased 0.8% in July

Credit union loans outstanding increased 0.8% in July, compared to a 1.0% increase in June of 2021 and a 0.7% increase in July of 2020—according to CUNA’s latest Monthly Credit [...]

Removing barriers for Hispanic consumers

Removing barriers for Hispanic consumers

Illiana Financial Credit Union began to notice changes in the population across its service area in the Southern Chicago suburbs in 2013. Three of its four branches were in areas with a high concentration of [...]

Credit unions raise more than $180K for CMN Hospitals

Credit unions raise more than $180K for CMN Hospitals

Credit unions presented Children’s Miracle Network (CMN) Hospitals with a check for $180,059 Sunday morning just before the 48th running of the Credit Union Cherry Blossom Ten Mile Run. Credit unions raised the [...]

CUNA Fair Lending Virtual Workshop covers topics of examiner focus

CUNA Fair Lending Virtual Workshop covers topics of examiner focus

Credit union lending and compliance leaders will learn practical strategies for complying with fair lending regulations at CUNA Fair Lending Virtual Workshop, Oct. 12 and 13. “Regulators are increasing their focus on credit unions’ compliance [...]

Tech talent is a strategic need

Tech talent is a strategic need

The adoption of digital technology reached a tipping point during the pandemic. Companies accelerated the digitization of their customer and supply-chain interactions, as well as internal operations, by three to four years, with most expecting [...]

FHFA fair lending oversight should not create additional burdens

FHFA fair lending oversight should not create additional burdens

CUNA generally supports the Federal Housing Finance Agency’s (FHFA) thorough enforcement of fair lending laws but urges the agency to ensure this monitoring and enforcement does not generate costly new requirements or increased regulatory [...]

NCUA awards grants to assist low-income credit unions

NCUA awards grants to assist low-income credit unions

NCUA awarded $1.5 million in Community Development Revolving Loan Fund (CDRLF) grants to help 105 low-income credit unions expand outreach to underserved communities and improve digital services and security. NCUA awarded grants ranging from $[...]