WASHINGTON—Ahead of a Senate Banking Committee hearing on so-called “rent-a-banks,” NAFCU reiterated the association's concerns about companies taking advantage of regulatory loopholes and chartering schemes to expand their reach with financial offersings.
Fresh Today
WASHINGTON—Changes in the growth of recent (and future) credit union membership is reflected in recently released 2020 Census data, which show the resident population of the United States on April 1, 2020 was 331,449,281—with California being the most populous state.
WASHINGTON—NAFCU and CUNA have joined with several financial trade organizations to send a letter to the Federal Communications Commission (FCC) calling for an urgent fix to the commission's order codifying exemptions to the Telephone Consumer Protection Act (TCPA).
WASHINGTON—Two congressional hearings this week explored ways to combat fraud and scams, including the Federal Trade Commission (FTC) authority to take enforcement action, which was recently limited by a Supreme Court ruling (see related story).
WASHINGTON–In testimony before the House Energy and Commerce Subcommittee on Consumer Protection and Commerce, the Federal Trade Commission called on Congress to pass legislation that would revive the FTC’s ability to return money to their constituents who have been harmed by law violations and which allows it to stop illegal conduct from reoccurring.
MIAMI–Several CUSOs have announced investments by credit unions.
LANSING, Mich.–Dave Adams, the long-time president and CEO of the Michigan Credit Union League, has resigned, but will continue to lead the league’s CUSO.
MARLBOROUGH, Mass.–St. Mary’s Credit Union has named a new president/CEO, the first woman to lead the organization in its 108-year history.
ST. PETERSBURG, Fla.–Trellance said it will host its Spring Summit, themed “Rise to New Heights,” as an in-person event from May 12-14. The meeting will be held at the Vinoy Renaissance St. Petersburg Resort & Golf Club the downtown waterfront district of St. Petersburg, Fla.
NEW YORK–Credit unions that plan to allow employees to make their own choices about working from home or working in the office should be aware of two potential problems, according to one researcher.