adminThe League has reported for a couple of years now that Walmart could be a serious competitor to credit unions with its goal of providing low cost, easy-to-use financial services to the under-served and unbanked. It is now time to start thinking of...
CUNA told NCUA it is concerned that the agency remains “reluctant” to extend full insurance parity with the FDIC to federally insured credit unions when it comes to interest on lawyer trust accounts, known as IOLATA. In addition, CUNA said another...
On Thursday, Alabama Teachers Credit Union, based in Gadsden, AL, was alerted to a fraudulent check scam. Someone replicated an Alabama Teachers Credit Union check and has been trying to pass it around. The credit union has been receiving calls from...
CUNA is formally asking the CFPB to provide a temporary safe harbor from the enforcement of integrated disclosure requirements for mortgage loan transactions under the bureau’s TILA-RESPA Integrated Disclosures (TRID) regulation. In a comment letter...
With the NCUA’s associational common bond rule taking effect Monday, the agency has sent a letter to federal credit unions with guidance on the rule. The letter (15-FCU-03) also includes information on the rule’s implementation policy and a...
The CU Times ran a story on Thursday highlighting two leagues that sent letters of support to their U.S. Representatives for H.R. 2769, a bill asking the NCUA to stop and study its risk-based capital (RBC) rule. The LSCU & Affiliates...