NAFCU Wants NCUSIF’s Operating Level Lowered So Greater Distributions May be Paid; Publishes White Paper on Data Privacy 12/04/2019 08:50 pm ARLINGTON, Va.–NAFCU is calling on NCUA to reset the National Credit Union Share Insurance Fund’s (NCUSIF) normal operating level (NOL) to 1.3% so CU may realize its fullest distribution.
House Members Ask NCUA, FDIC Chairs About ‘Concerns’ Around CU Purchases of Banks, Whether CUs Should Comply With CRA, And More 12/04/2019 08:07 pm WASHINGTON–One day after an announcement of the largest-ever purchase of a bank by a credit union, several members of Congress had questions for the chairs of NCUA and the FDIC during testimony before the House.
Back to the Future on Vendor Authority 12/04/2019 08:18 pm The date is December 2, 2035. It has been 15 years since President Kanye West signed the bill to permit NCUA to regulate credit union vendors.
Ent Credit Union Reaches Settlement in Overdraft Lawsuit 12/04/2019 08:07 pm COLORADO SPRINGS, Colo.–Ent Credit Union has reached a settlement in a class action lawsuit over its overdraft fee practices. Ent CU is one of numerous CUs across the country to be hit with similar class action litigation.
Five Federal Agencies Issue Statement on Use of Alternative Data 12/04/2019 08:06 pm WASHINGTON – Five Federal financial regulatory agencies, including NCUA, have issued a joint statement on the use of alternative data in underwriting by banks, credit unions, and non-bank financial firms.
SkyPoint FCU Awarded CDFI Designation 12/06/2019 02:00 pm GERMANTOWN, Md.–SkyPoint Federal Credit Union has earned its second Community Development Financial Institution (CDFI) award from the U.S. Treasury Department.
evolve FCU Upgrades Mobile Banking Features 12/06/2019 02:00 pm EL PASO, Texas– evolve Federal Credit Union said it has upgraded its mobile banking features to include new card control options.
