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- by David Baumann, CUCollaborate

Sen. Booker open to marijuana banking deal

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. “[...]

NCUA
- by Moriah Taylor, CUCollaborate

NCUA Workbook update results in decline of LID population

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) [...]

- by David Baumann, CUCollaborate

Brown re-introduces bill to ban discrimination in banking

Credit unions and banks would be prohibited from discriminating against people based on race, color, religion, national origin, sex, gender identity, or sexual orientation, under a bill introduced in the Senate by Banking Chairman Sherrod [...]

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Thrive Credit Union expands with help from CUCollaborate

On April 6, 2022, the National Credit Union Administration (NCUA) approved Thrive Credit Union’s addition of a two-county well-defined local community to its field of membership (FOM). Thrive CU, a federal community credit union [...]

Credit union trades question CFPB’s authority over fees

The Consumer Financial Protection Bureau (CFPB) is purposely trying to inflame the public by claiming legitimate fees charged by credit unions and banks are “junk fees,” the two national credit union trade groups told the [...]

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