WASHINGTON—Ahead of a House Financial Services Committee markup of several bills, including a number related to credit score reporting, NAFCU called on the committee to consider credit reporting reform.
Fresh Today
ALEXANDRIA, Va. – Six federally insured credit unions subject to civil monetary penalties for filing late Call Reports in the fourth quarter of 2018 have agreed to penalties totaling $5,073.
ARLINGTON, Va. – In a letter to the House Ways & Means Oversight Subcommittee, NASCUS expressed concern that the excise tax on excess executive compensation imposed by the Tax Cut and Jobs Act of 2017 (TCJA) will result in a significant hardship for tax-exempt organizations, such as credit unions, that have not had the notice and opportunity to prepare accordingly.
IDAHO FALLS, Idaho–A credit union here helped play a role in surprising a mother of three with tickets to a Garth Brooks concert, after she missed seeing Brooks 21 years earlier after being involved in an accident on the way to the show. The surprise act of kindness has received media coverage across the country.
WASHINGTON–A credit union delegation and a former member of Congress met with USAID here about increasing international development funding.
MELROSE, Minn. — Central Minnesota Credit Union has named a new president/CEO. The credit union has selected Charles Friederichs to lead the organization. Friederichs has been serving as interim CEO since October 2018.
WASHINGTON–A new study published by the Cato Institute suggests the Community Reinvestment Act (CRA) has become “obsolete,” and that it would be a mistake to bring credit unions under its compliance umbrella.
MUNCIE, Ind. — A member of a credit union here was shot by a robber after attempting to stop the robbery.
ARLINGTON, Va.—A new version of NAFCU's marijuana banking issue brief is now available online, with the association saying it provides credit unions with comprehensive updates on federal legislative efforts and state-level marijuana laws.
TACOMA, Wash.–Ronaldo Hardy, known to many in credit unions for his work leading credit unions as well as efforts to expand diversity, is joining CU Strategic Planning.