NAFCU President and CEO Dan Berger Tuesday sent a letter to the House, voicing major opposition to the recently introduced House version of the Credit Card Competition Act of 2022 (CCCA). Berger explained why the [...]
NAFCU’s compliance team has received several inquiries into Regulation Z’s limitations on increasing annual percentage rates, fees, and charges. We wanted to take the time to provide a brief overview of how section [...]
NAFCU held its 2022 Congressional Caucus in Washington, D.C., last week, and it emerged a massive success. I am deeply appreciative for the speakers and attendees for taking time out of their busy schedules [...]
On Monday, Representatives Peter Welch, D-Vt., and Lance Gooden, R-Texas, introduced the House companion to the Credit Card Competition Act of 2022 (CCCA), which was introduced in late July by Senators Dick Durbin, D-Ill., and [...]
On Friday, the White House released a comprehensive framework detailing responsible development of digital assets. The framework follows President Biden’s Digital Asset Executive Order and is the first government-wide approach to managing the risks [...]
Have you ever had a member who refused to make payments on a loan? You try and try to work with them and they just push you to your wit’s end? Well, suffer no [...]
Thank you for tuning in to episode 41 of The CUInsight Network, with your host, Lauren Culp, Publisher & CEO of CUInsight.com. In The CUInsight Network, we take a deeper dive with the thought [...]
The CFPB Thursday announced it will conduct supervisory examinations of buy now, pay later (BNPL) companies and bring them in line with consumer protection laws, providing credit unions with a more certain regulatory environment around [...]
I wanted to use this week’s blog to praise all of the incredible leaders I met at our 2022 Congressional Caucus, held in Washington, D.C. A huge thank you to the speakers and [...]
CFPB Director Rohit Chopra joined NAFCU President and CEO Dan Berger for a fireside chat during NAFCU’s Congressional Caucus yesterday. Berger asked Chopra several questions that are of heightened interest for credit unions, including [...]
Two pro-credit union lawmakers yesterday joined NAFCU during the 2022 Congressional Caucus. Representatives Ed Perlmutter, D-Colo., and Tom Emmer, R-Minn., both recent awardees of the NAFCU Credit Union Champion awards, spoke on the future of [...]
Hello everyone! My name is Tara Simpson, and I hail from the great state of Michigan. I am a new Regulatory Compliance Counsel at NAFCU, and I’m excited to bring to you my first [...]
Monday, former New Jersey Governor Chris Christie provided a keynote address to attendees at NAFCU’s 2022 Congressional Caucus. Christie focused his remarks on the state of politics in the United States ahead of the [...]
Total consumer credit rose 6.2 percent, at a seasonally adjusted, annualized rate, in July and is up 7.7 percent compared to a year ago. Revolving credit - primarily credit cards - rose 11.[...]
Greetings, compliance folks! As a compliance professional, and I’m naturally a risk-averse person. Apparently, the apple does fall far from the tree, as my six-year-old son seems to be a daredevil. He loves running [...]
