America’s Credit Unions Letter to House Financial Services Committee on CFPB Oversight Hearing
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Nussle outlines key principles that should guide all CFPB action for Congress
The CFPB’s authority should be used in a manner that is consistent with the spirit of the Dodd-Frank Act, America’s Credit Unions President/CEO Jim Nussle wrote to the Senate Banking Committee Tuesday. Nussle outlined several of the industry’s top concerns and recommendations for the bureau ahead of today’s hearing where CFPB Director Rohit Chopra is …
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CFPB proposed rule would ban medical debt from credit reports
The CFPB is proposing a new rule to remove medical bills from most credit reports, stop credit reporting companies from sharing medical debts with lenders, and prohibit lenders from making lending decisions based on medical information. The rule, introduced Tuesday, comes as part of the bureau’s efforts to address the burden of medical debt and …
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Reminder: Register now for NCUA’s DEI Summit
Registration is still open for the NCUA’s Diversity, Equity, and Inclusion (DEI) Summit, set for July 9-11 in Minneapolis. A full breakdown of the event agenda is on the agency’s website. The theme of this year’s summit is “DEI: Here to Stay.” Attendees will explore the value proposition of DEI – both in the credit …
Treasury seeks input on use of AI in financial services
The Treasury Department released a request for information on the uses, opportunities, and risks of artificial intelligence (AI) in the financial services sector. The Treasury is seeking public comment on the uses of AI in the financial services sector and the opportunities and risks presented by developments and applications of AI within the sector. In …
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America’s Credit Unions seeks member feedback on fintech
America’s Credit Unions Monday sent a survey to member credit unions to gather information on how fintechs and alternative data are used to guide credit underwriting activities. Additionally, the survey seeks to understand how credit unions evaluate the risks and benefits of alternative underwriting. The CFPB has expressed concerns with the risks artificial intelligence poses …
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Gain invaluable industry knowledge at America’s Credit Unions events this summer
There are five information-packed America’s Credit Unions conferences slated for this summer. Here’s a breakdown of each event: View the full 2024 America’s Credit Unions conference lineup.