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WASHIGTON–The financial well-being of U.S. households in 2023 was nearly unchanged from 2022 as “higher prices remained a challenge for most households and workers continued to benefit from a strong labor market,” according to a new report from the Federal Reserve.

LAKE FOREST, Ill.—With new data showing credit unions have lost the white hat on overdraft pricing to fintechs, what can CUs do to put it back on their heads?

WASHINGTON—Legislative proposals to expand financial institution liability under the Electronic Fund Transfer Act (EFTA) are deeply concerning to America’s Credit Unions and its members, ACU wrote to the Senate Homeland Security Permanent Subcommittee on Investigations prior to the subcommittee’s hearing this week on fraud and the Zelle.

WASHINGTON—Federal Communications Commission Chairwoman Jessica Rosenworcel met this week with America’s Credit Unions President/CEO Jim Nussle and members of the organization’s advocacy team to discuss credit union priorities related to several agency actions, according to the trade group.

WASHINGTON–The CFPB is allowing for more time to comply with its small business lending rule. According to the Bureau, it will issue an interim final rule to extend the compliance date.

BALTIMORE, Md. – Securityplus FCU said it will participate in the upcoming Black Business Expo. 

ALEXANDRIA, Va.—When the NCUA board meets today in an unusual Wednesday meeting it will have a relatively light agenda, as a quarterly briefing on the Share Insurance Fund (SIF) is all that is currently on the schedule.

MADISON Wis.–Findings have been released from a survey of Ukrainian credit unions that sought to estimate their costs associated with regulatory compliance and prudential requirements. 

WASHINGTON—The Federal Housing Finance Agency (FHFA) has released new recommendations that could pave the way for cooperativas in Puerto Rico to become a member of the Federal Home Loan Bank system.