As we blogged about last November, the CFPB is on a quest against “junk” fees. So far, this has included regulatory enforcement actions, guidance on surprise overdraft fees, and guidance on depositor fees. Recently, the [...]
President Joe Biden gave his 2023 State of the Union address Tuesday evening. While much of the speech provided insights into how the administration is working to strengthen the U.S. economy and support workers, [...]
Join former Director of the Consumer Financial Protection Bureau and now Vice President of Regulatory Affairs at Solidus Labs, Kathy Kraninger, for a discussion on blockchain, including questions such as: What is blockchain? How is [...]
The Federal Reserve’s January senior loan officer opinion survey (SLOOS) on bank lending practices showed demand for loans weakened across the board with banks reporting tightening standards during the fourth quarter of 2022. The [...]
NAFCU Vice President of Legislative Affairs Brad Thaler sent a message to lawmakers on Capitol Hill Friday to “set the record straight on credit unions and the credit union difference” after a banking group made [...]
Has your credit union ever wondered what must be included in a monthly board meeting report? If so, read on for some helpful tips! While there is no comprehensive list stating what must be included, [...]
The latest issue of Business View magazine features an in-depth profile on NAFCU and an interview with NAFCU President and CEO Dan Berger. In the article – which kicks off a series in the magazine on [...]
National holidays and months recognizing the tremendous contributions of individuals and groups of people provide the perfect opportunity to reflect on their legacies and how we can continue them in our own daily lives. As [...]
The CFPB Wednesday issued its proposed rule on credit card late fees that would drastically reduce the current safe harbor to $8. NAFCU President and CEO Dan Berger responded, arguing that the proposal “on its [...]
The NCUA yesterday issued two prohibition notices for January. The notice forbids an individual previously associated with credit unions from any future participation in the affairs of a federally-insured financial institution. Violation of a prohibition [...]
Are you a fan of superhero movies? Do you enjoy watching the big-budget (and lets be honest, mostly CGI) triumph of good over evil? I do. My wife and I watched Iron Man on our [...]
The Federal Open Market Committee (FOMC) – the Fed’s monetary-policy setting arm – begins its first meeting of 2023 today and is expected to raise rates another 25 basis points. During the previous FOMC meeting, the [...]
The Federal Reserve and White House offered insights into how they are working to mitigate cryptocurrency risks in the financial system with several releases Friday. The Fed issued a policy statement to promote a level [...]
Mergers aren’t always a bad thing, you know? We have had many SUCCESSFUL mergers throughout the course of history; even those that did not make complete business sense to the less business savvy population. [...]
NAFCU President and CEO Dan Berger and members of the CDFI Fund Coalition Thursday spoke with Rep. Maxine Waters, D-Calif., to stress NAFCU-member CDFIs’ desire to help their communities and to voice their concerns that [...]
