NCUA will conduct a free webinar Jan. 11 explaining how to use the agency’s Simplified CECL Tool. Online registration is now open, and the webinar is scheduled to begin at 2 p.m. Eastern. Chris McGrath and Trey Damron from the NCUA’s Office of Examination and Insurance will review how the tool works and its latest …
WASHINGTON, DC – Today, the America’s Credit Unions Transition Board of Directors held its first official meeting since the launch of the new trade association Jan. 1. The board, led by Chairman Brian Schools and Vice Chair Lisa Ginter, held a meet-and-greet with the association’s Executive Leadership Team, appointed committee assignments, approved a supplemental budget …
America’s Credit Unions Board of Directors Holds First Meeting Read More »
The CFPB must initiate a Small Business Regulatory Enforcement Fairness Act (SBREFA) review of any potential overdraft and non-sufficient funds (NSF) proposed rules, America’s Credit Unions and other financial services trades wrote to CFPB Director Rohit Chopra Wednesday. The CFPB’s most recent rulemaking agenda indicates it expects to issue proposals to regulate NSF fees under …
CFPB must initiate SBREFA review before overdraft, NSF proposals Read More »
The NCUA, along with the FDIC, Office of the Comptroller of the Currency (OCC), and Federal Reserve issued a final rule last week that amends the Uniform Rules of Practice and Procedure. The rule alters regulations “to recognize the use of electronic communications in all aspects of administrative hearings and to otherwise increase the efficiency …
NCUA issues final rule, prohibition notice to end 2023 Read More »
America’s Credit Unions is legally active as of Jan. 1, and the organization is at the beginning of a “historic transformation into a new powerhouse national association,” America’s Credit Unions President/CEO Jim Nussle said in a video message sent to members Tuesday. With the new organization active, leaders and staff are focusing on advocating and …
Nussle: Transformation into ‘powerhouse’ national association underway Read More »
Credit unions can now access the America’s Credit Unions temporary website for need-to-know updates about the transformation, contact information, and important resources. Members will still have access to the legacy NAFCU and legacy CUNA websites during the 2024 transition period. The website features a brief overview of America’s Credit Unions advocacy priorities, the latest posts on the Compliance Blog, and the 2024 event lineup. News stories and press releases are also accessible. …
Stay connected to America’s Credit Unions, access must-have resources Read More »
Credit union trades urged the CFPB to delay and make changes to its proposed rule that would require financial institutions – including credit unions – to provide transaction data and other information concerning a consumer financial product or service upon request. The proposed rule is the bureau’s effort to implement section 1033 of the Dodd-Frank …
Credit union trades write to CFPB on section 1033 rule Read More »
