Join NCUA Vice Chairman Kyle Hauptman for a deep dive into field of membership, including a recent proposed rule regarding survivorship, the federal charter versus state charters, digital banking and FOM, and how innovation may [...]
On November 28, 2023, the Consumer Financial Protection Bureau (CFPB) announced a $12 million civil penalty and the filing of a consent order against Bank of America, N.A. (BoA) for allegedly reporting false mortgage [...]
The Federal Open Market Committee (FOMC), the monetary policy-setting arm of the federal reserve, begins its final two-day meeting of 2023 today. Ahead of the discussion around the state of the economy, NAFCU Vice President [...]
New data from the Bureau of Labor Statistics revealed 199,000 jobs were added in November. Gains in October remained the same and September was revised down 35,000. NAFCU Chief Economist and Vice President [...]
The Treasury Department Thursday released a revised CDFI certification application after delays that have set back financial institutions. The CDFI Fund initiated a certification blackout period Oct. 1, 2022, as it proposed changes to the [...]
NAFCU President and CEO Dan Berger, Senior Vice President of Government Affairs Greg Mesack, and Vice President of Legislative Affairs Brad Thaler were recognized as top 2023 association lobbyists by The Hill, a daily newspaper [...]
NAFCU and CUNA wrote to the House Financial Services Subcommittee on Housing and Insurance ahead of its hearing today on housing affordability to tout credit unions’ work to provide comparatively lower rates on mortgage loans, [...]
The holiday shopping is underway, and my house is completely decked out in decorations. My home décor wouldn’t be complete without the most important elf, Snowflake, who is keeping a close eye on [...]
NAFCU and CUNA joined with several financial trade associations to call on President Joe Biden to hold the CFPB accountable to the rulemaking process and offer support for “clear rules of the road” in the [...]
The House Friday passed a Congressional Review Act (CRA) resolution with bipartisan support to block the CFPB’s rule that would require credit unions and banks to collect demographic data on small businesses that apply [...]
Credit union leaders looking to take their institutions to the next level can now register for the 2024 CEOs and Senior Executives Conference focused solely on providing the insights and strategies needed to thrive. The [...]
CFPB Director Rohit Chopra appeared before the House Financial Services Committee Wednesday and will appear before the Senate Banking Committee today to deliver the bureau’s semi-annual report to Congress. During Wednesday’s hearing, Chopra [...]
The CFPB Tuesday announced a $12 million order against Bank of America for submitting false mortgage lending information to the federal government under the Home Mortgage Disclosure Act (HMDA). The bureau’s order requires Bank [...]
Generally, once a bankruptcy case closes, the bankruptcy judge issues an order of discharge and the debtor is discharged of all dischargeable debts. Once a debt has been discharged, a credit union is barred from [...]
The Federal Reserve (Fed) met late last month to discuss debit interchange fees and routing under Regulation II. During that meeting, the Fed issued a request for comment to dramatically reduce debit interchange fees for [...]
