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Agencies issue proposal on incentive-based compensation

NCUA—along with other federal financial regulators—issued a Notice of Proposed Rulemaking (NPR) to address incentive-based compensation arrangements, as required under section 956 of the Dodd-Frank Act. The NCUA is expected to act on the NPR soon. The proposed rule includes prohibitions intended to make incentive-based compensation arrangements more sensitive to risk, including a prohibition on …

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NCUA reschedules May board meeting

The NCUA Board rescheduled its May open meeting to Wednesday, May 22, the agency announced Monday. It was originally set for May 16. The meeting will begin at 10 a.m. Eastern May 22, and be streamed live on the NCUA’s website. Information about NCUA Board meetings, including open results and agendas, can also be found …

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This week: America’s Credit Unions’ advocacy on regulatory hot topics ramps up

This week, America’s Credit Unions will continue to relentlessly advocate on behalf of credit unions as several hot topics will be discussed on the Hill and at regulatory agencies. The Senate Banking Committee will conduct a hearing Thursday at 10 a.m. Eastern, “Consumer Protection: Examining Fees in Financial Services and Rental Housing.” Also, Apple Federal …

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economic charts

April’s jobs report is ‘generally favorable’ 

The Bureau of Labor and Statistics (BLS) released April’s jobs report Friday, noting 175,000 jobs were added and the unemployment rate rose slightly to 3.9%. America’s Credit Unions Vice President of Data & Research and Chief Economist Mike Schenk analyzed the data.   “The Bureau of Labor Statistics April jobs report was generally favorable: job gains …

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America’s Credit Unions leaders talk overdraft

America’s Credit Unions leaders provided more than 1,200 credit union professionals with the latest on harmful regulatory proposals and how credit unions must continue to advocate for themselves and their members during a webinar Thursday. Chief Advocacy Officer Carrie Hunt, Chief Communications and Marketing Officer Meghan Small, and Senior Vice President of Advocacy Greg Mesack …

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NCUA announces federal funding resources webinar 

The NCUA will host a webinar to highlight potential sources of federal funding available to credit unions May 22 at 2 p.m. Eastern, including information on the Community Development Revolving Loan Fund.  The agency noted that it will discuss the System for Award Management and Grants.gov. Registration is open, and the webinar is free to …

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Nebraska Foundation, credit unions assist communities impacted by tornadoes 

In light of recent devastating tornadoes that struck several communities, the Nebraska Credit Union League announced that the Credit Union Foundation of Nebraska has made a $10,000 donation on behalf of Nebraska credit unions to the United Way of the Midlands to assist tornado victims in rebuilding their lives.  Cobalt Credit Union, in Papillion, Neb., …

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America’s Credit Unions to cover overdraft with member credit unions

America’s Credit Unions is hosting a free webinar for members today starting at 2:30 p.m. Eastern on regulatory proposals that could significantly alter credit unions’ operating landscape. Members should check their email inboxes for a message from America’s Credit Unions Chief Advocacy Officer Carrie Hunt that contains the registration link. The call will feature updates …

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Comments essential to highlighting negative impact of Fed interchange proposal

The comment deadline is approaching for the Federal Reserve’s debit interchange proposal that America’s Credit Unions believes would dramatically harm credit unions and consumers. Comments are due May 12, and all Leagues, credit unions, and other stakeholders are encouraged to submit comments. America’s Credit Unions maintains that the current interchange system works, that reduction in …

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