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WASHINGTON—Opposition to any legislation that would eliminate or limit overdraft protection programs has been expressed in a letter from NAFCU to the House Financial Services Committee ahead of a hearing on that issue.

WASHINGTON—Credit unions strongly support the enactment of a national data security and privacy law with robust security standards that is preemptive of state laws, CUNA wrote to a House Energy and Commerce subcommittee.

TROY, Mich.—Are consumers changing their opinion of their digital services as they increasingly use the channels?

METAIRIE, La.–Two Louisiana CUs have announced their intent to merge.

WASHINGTON—NCUA needs to update its Charitable Donation Accounts (CDA) rule definition of “qualified charity” to allow credit unions to do more to serve worthy organizations, according to CUNA.

ST. PETERSBURG, Fla.—Can non-fungible tokens (NFTs) disrupt the lending market? And should credit unions, which are showing heightened interest in cryptocurrency, be entering this space as well?

ALEXANDRIA, Va.–Credit unions in Idaho, Arizona and South Dakota led the nation in asset growth during Q1, more than half of federally insured CUs had fewer members as of March 30 than one year earlier, while more than three-quarters of all FICUs reported positive net income, according to NCUA’s latest State-Level Credit Union Data Report.

WASHINGTON– The Consumer Financial Protection Bureau (CFPB) said it is seeking public input on how bank customers can “assert their rights to better customer service with big banks," although the initiative applies to credit unions, as well.

IRVINE, Calif.¾  Origence, a CU Direct brand, is reporting it delivered a record amount in credit union loans through its lending platforms in the first quarter of 2022. 

DUBLIN, Ireland–Proposed legislation in this country designed to boost credit union growth contains “no silver bullet,” according to one government official, who said the movement is weighed down by excess deposits and muted lending, and that it is mainly up to the sector to help itself.