CFPB Proposes Rule to Jumpstart Competition and Accelerate Shift to Open Banking
Personal Financial Data Rights rule would challenge industry to compete for customers, protect consumers from excessive surveillance, and help people walk away from bad service
Senate Passes Resolution of Disapproval for CFPB’s 1071 Rule
The Senate passed a joint resolution of disapproval Wednesday on the Consumer Financial Protection Bureau’s section 1071 rule.
Statement from CUNA’s Nussle on the Passing of Sen. Feinstein
Sen. Dianne Feinstein, D-Calif., died Thursday evening at the age of 90.
Navy Federal to Offer Paycheck Relief to Members Impacted by Government Shutdown
Navy Federal Credit Union is offering a paycheck assistance program, providing an advance on direct deposit for eligible members impacted in the event of a government shutdown.
PenFed Credit Union Provides Furlough Relief for Federal Employees Affected by Potential Government Shutdown
PenFed's government furlough Direct Deposit Assistance feature offers interest-free loans in amount of member's net pay, up to $6,000
CUNA, League-supported SAFER Banking Act Passes Senate Banking Committee
The Senate Banking, Housing, and Urban Affairs Committee passed the CUNA and League-supported SAFER Banking Act Wednesday with a 14-9 vote.
President Nominates Tanya Otsuka to NCUA Board
President Joe Biden nominated Tanya Otsuka to serve on the NCUA Board Thursday.
CUNA's Nussle Calls Out Harmful Credit Card Mandate
CUNA CEO Jim Nussle reinforced how the Big Box interchange bill would negatively impact consumers, as 3 Senators work to stop any legislation from moving forward in the Senate unless it contains their bill’s language.
Joint Trades Letter To Congress On The Credit Card Competition Act Of 2023
To protect consumers and banks and credit unions alike, Joint Trades oppose the Credit Card Competition Act of 2023.
Hell has frozen over
A merger between CUNA and NAFCU ‘back in my day’ would have been unthinkable. Now, I’ve mostly only heard or seen …
CUNA AND NAFCU ANNOUNCE INTENT TO MERGE TO FORM “AMERICA’S CREDIT UNIONS”
A merger between CUNA and NAFCU has been discussed almost since NAFCU was formed. Now seems to have been the time…
New VantageScore® Research Shows Credit Score Impact of the End of Federal Student Loan Forbearance
Supreme Court Decision Striking Down Student Loan Forgiveness Program Will Also Result in Credit Score Declines for Borrowers Who Don't Resume Payments
CUNA-sought CDFI Reforms in House FY24 FSGG Appropriations Bill
The House Appropriations Subcommittee on Financial Services and General Government FSGG released its FY24 draft bill Wednesday night with several items of interest to credit unions.
Proposed Federal Legislation Threatens Security of Credit Card Payment Data; Will Increase Cost of Financial Services
The Credit Card Competition Act would significantly alter a credit card payment system that currently works for all parties involved, while raising costs and threatening data security for Iowa consumers.
Oregon legislature passes high school financial literacy bill
Oregon Legislature has just passed SB 3, which guarantees high school students a full semester credit of personal finance education as a graduation requirement.
Credit Unions Oppose Credit Card Routing Legislation
CUNA stands together with America’s Credit Unions in opposition to legislation that would create new government mandates for credit cards, putting consumers’ data and credit access at risk.
CUNA's Nussle Responds to Sen. Carper's Decision Not to Seek Re-election
Sen. Tom Carper, D-Del., announced Monday he will not seek re-election in 2024.
Maybe we focus on interest rate caps for predatory lenders, not credit unions
Interest rate caps on already heavily regulated credit unions - while payday and other predatory lenders run roughshod over Americans - makes zero sense. What we should be…
Credit Union-Supported SAFE Banking Act Reintroduced in House and Senate
A bipartisan group of federal lawmakers reintroduced the Secure and Fair Enforcement (SAFE) Banking Act in the U.S. House and Senate on Wednesday
HFSC Passes CUNA-backed CFPB Reform Legislation
The House Financial Services Committee passed the CUNA-supported the CFPB Transparency and Accountability Reform Act (H.R. 2798) Wednesday night.