The Federal Communications Commission (FCC) should tread lightly before placing restrictions on “non-conversational” robocalls—phone calls that include fraud alerts, school closings and payment reminders—a group of trade groups, including CUNA and NAFCU, said [...]
The NCUA should streamline its merger process and defer to state officials, when appropriate, credit union groups told the agency this week. When two federally insured, state-chartered credit unions (FISCUs) merge, the NCUA should simply [...]
The NCUA should amend its field of membership (FOM) rules to make it easier for people to join credit unions and help those institutions grow, the two national industry trade groups told the agency this [...]
The marijuana banking legislation passed by the House would not significantly improve the problems cannabis-related businesses face in trying to establish banking services, researchers at the Drug Enforcement Policy Center at Ohio State University’s [...]
It’s August. And that means the National Flood Insurance Program (NFIP) is about to expire. Again. Congress has been unable to pass a long-term reauthorization of the program for years. And so, every year—[...]
Congressional Democrats are calling for federal banking regulators to stiffen rules governing the Community Reinvestment Act (CRA), but they are not pushing for the legislative changes that would make credit unions subject to the law. [...]
Financial institutions, including credit unions, may violate consumer protection prohibitions against unfair acts or practices if they have insufficient data protection or information security programs, the CFPB announced Thursday. In a circular published on its [...]
You know that postal banking pilot program that has had financial services trade groups and congressional Republicans furious? Nobody’s using it. The US Postal Service on Tuesday released its financial reports for the third [...]
As federal regulators rewrite rules governing the Community Reinvestment Act (CRA), the banking industry is renewing its call for the agencies to seek legislation that would subject credit unions to the CRA. “Some credit unions [...]
In April, the NCUA updated its Low-Income Designation (LID) Area Workbook, an overview of all geographic areas in the United States and Puerto Rico classified as “low-income,” a criteria met when a majority of an [...]
Credit unions and their trade groups applauded the Financial Crimes Enforcement Network (FinCEN) for proposing a “no-action letter” process but warned that it would be unfair if the NCUA and other regulators were not parties [...]
What does it mean to be a successful credit union? Having worked in the industry for close to fifteen years I’ve found that, while individual credit unions may measure and track several key performance [...]
Sen. Cory Booker, D-N.J., a key cosponsor of comprehensive Senate marijuana legalization legislation, said late last week that he is willing to cut a deal on a smaller bill that could include cannabis banking. “[...]
The NCUA recently released an updated version of its Low-Income Designated (LID) Area Workbook, used to determine which geographic areas are classified as low-income. The new workbook implements the most recent American Community Survey (ACS) [...]
The House Financial Services Committee on Thursday approved legislation that would limit the number of overdraft fees a credit union or bank may charge a consumer. Voting 27–22, the committee approved H.R. 4277, [...]
