CUCollaborate News Archives

Are financial regulators a watchdog or a problem?

Are financial regulators a watchdog or a problem?

Federal financial regulatory agencies are either the solution to discrimination in banking or the cause of the discrimination, witnesses told the Senate Banking Committee at a hearing on the issue Thursday. “Our nation’s federal [...]

Number of credit unions serving marijuana businesses remains steady

Number of credit unions serving marijuana businesses remains steady

As Congress continues to struggle with marijuana banking legislation, the number of credit unions serving marijuana-related businesses has remained consistent, according to data recently released by the Financial Crimes Enforcement Network (FinCEN). FinCEN reported that: [...]

DCUC, NAFCU to Congress: Keep defense bill ‘clean’

DCUC, NAFCU to Congress: Keep defense bill ‘clean’

Credit union trade groups are pushing House and Senate leaders to pass a “clean” defense reauthorization bill that does not include two provisions they find particularly odious. In a letter to congressional leaders, NAFCU and [...]

NCUA Chairman: Regulators working on appraisal bias rules

NCUA Chairman: Regulators working on appraisal bias rules

Federal credit union and banking regulators are working on two proposed rules aimed at eliminating racial bias in the home appraisal industry, NCUA Chairman Todd Harper told the House Financial Services Committee Wednesday. The first [...]

NCUA liquidates two West Virginia credit unions

NCUA liquidates two West Virginia credit unions

The NCUA on Tuesday liquidated two West Virginia credit unions that had been placed into conservatorship last month. Agency officials said that they liquidated the O.F. Toalston Federal Credit Union of Logan, West Virginia, [...]

Congress returns with major CU proposals unresolved

Congress returns with major CU proposals unresolved

Congress returns to Capitol Hill this week with a long list of unresolved issues that could have a direct impact on credit unions—ranging from marijuana banking to credit card interchange policies. The week will [...]