CUs Support Section 1071 of Dodd-Frank, But Have Concerns Over Costs, Says CUNA; Trade Group Also Named a Best Place to Work 03/28/2023 07:34 pm WASHINGTON—Credit unions support the goals of section 1071 of the Dodd-Frank Act, but are concerned about increased costs, CUNA wrote to the House Small Business Subcommittee on Economic Growth, Tax, and Capital Access.
Underground Collision CUSO Mayhem Coverage: Where Credit Unions May Need to Break Up 03/28/2023 07:33 pm LAS VEGAS–Should your credit union be breaking up with some of its relationships, including CUSOs? Or should more CUSOs be merging and creating “super-CUSOs?” Or, are there even more options?
FDIC Chair Says Review of Failed Banks on Its Way; Banks to Pay Special Assessment 03/28/2023 07:34 pm WASHINGTON–The FDIC’s chairman said a comprehensive review of the federal bank deposit insurance system, as well as a review of the supervision by the deposit insurance agency of one of the two recently failed banks, will be conducted and reported by May 1, the leader of the agency said in testimony Monday.
African American Alliance of CDFI CEOs Joins With Other Groups in Pushing for ‘Equity’ In New Greenhouse Fund 03/28/2023 07:32 pm ORLANDO– The African American Alliance of CDFI CEOs said the Opportunity Finance Network (OFN) has joined the Community Builders of Color Coalition in order to fight for “equity” in the EPA’s administration of the Greenhouse Gas Reduction Fund (GGRF).
NAFCU, CUNA Stress Safety & Soundness of CUs Ahead of Capitol Hill Hearings on Failed Banks 03/28/2023 07:35 pm WASHINGTON—The safety and soundness of credit unions was emphasized by NAFCU and CUNA, which each submitted letters to the Senate Banking Committee ahead of its hearing this week to examine the Silicon Valley Bank and Signature Bank collapses.
CFPB Says State Disclosure Laws on Lending to Businesses in 4 States Do Not Preempt Truth in Lending 03/28/2023 07:39 pm WASHINGTON—The Consumer Financial Protection Bureau (CFPB) said it has determined state disclosure laws covering lending to businesses in California, New York, Utah, and Virginia are not preempted by the federal Truth in Lending Act.
Former NCUA Chair Offers His Forecast 03/29/2023 10:57 pm LAS VEGAS–Former NCUA Chairman Dennis Dollar, whose firm remains very active in credit unions, offered an audience here his forecast for regulation, CUSOs, what's ahead for NCUA and its board, mergers, Congress and more.
36 ‘Emerging’ CU Leaders Selected for 2023 CUES Emerge Program 03/29/2023 09:12 pm MADISON, Wis.— Thirty-six “emerging” credit union leaders who have the “potential to create a lasting impact within the credit union industry” have been selected to participate in the 2023 CUES Emerge program.
