As more consumers fall victim to fraud scams on peer-to-peer (P2P) payment apps, a group of Democrat senators sent a letter to federal banking regulators – including the NCUA – calling on the agencies to review customer [...]
Happy Monday, compliance friends! Today we’re going to talk about the National Credit Union Administration’s (NCUA) proposed rule regarding chartering and field of membership (FOM) regulations. Specifically, the portion dealing with the eligibility [...]
The CFPB Thursday released a report on the financial profiles of consumers who use Buy Now, Pay Later (BNPL) programs. The bureau found that these borrowers often exhibit higher measures of financial distress compared to [...]
One of my favorite things about the credit union industry is how collaborative it can be. I regularly hear stories of CEOs reaching out to ask business development questions, we see ongoing conversations via our [...]
In response to the banking industry’s recent attack on credit unions, NAFCU Senior Vice President of Government Affairs Greg Mesack Wednesday sent a message to Congress educating lawmakers on accurate facts regarding the credit [...]
Today, NAFCU’s 2023 board election cycle opens with several director positions available. NAFCU's regional board positions reflect the NCUA's regional offices. An email to NAFCU members today will include information on how to access [...]
Hear former President and CEO of Navy Federal Credit Union, Vice Admiral Cutler Dawson discuss top industry challenges, reflections on how credit unions are managing the current economic environment and working with regulators, and ways [...]
Last Spring, my wife and I finally made the switch from renting to actually owning our first home. We moved ourselves, our two young children, and our cat into our new home and promptly discovered [...]
NAFCU President and CEO Dan Berger Monday met with NCUA Board Member Rodney Hood to discuss credit union involvement in the Greenhouse Gas Reduction (GHGR) Fund to support projects that reduce greenhouse gas emissions and [...]
NAFCU President and CEO Dan Berger sent a letter to Congress Friday detailing the credit union industry’s total opposition to any efforts to impose restrictions on interchange in light of the potential for Sen. [...]
In honor of Black History Month and the newly released NCUA Supervisory Priorities, I thought it’d be perfect timing to tackle a topic that’s on most credit union professionals’ minds: liquidity. Today’s [...]
As a direct membership organization, providing extreme member service is at the core of what we do. Our advocacy efforts are guided by what our credit unions are seeing on the ground and we fight [...]
NAFCU sent members a Regulatory Alert Thursday, detailing the NCUA’s proposed rule to reform several of the agency’s field of membership requirements (FOM) and definitions. The NCUA Board unanimously approved issuing the proposal [...]
Stories have connected people for thousands of years. Even before written language, we told stories and in today’s digital age, there are so many ways to share them. Technology has made storytelling and connecting [...]
NAFCU President and CEO Dan Berger met with NCUA Board Vice Chairman Kyle Hauptman Wednesday to discuss multiple topics of interest to credit unions, including the federal credit union (FCU) interest rate ceiling – which the [...]
