NAFCU, CUNA respond to ‘cherry picked’ data targeting CU overdraft

In an op-ed published Wednesday by CU Times, NAFCU President and CEO Dan Berger and CUNA President and CEO Jim Nussle set the record straight on Aaron Klein’s recent article in POLITICO Magazine, highlighting his stunning lack of awareness on credit union overdraft protections.

Mesack: CFPB’s latest ‘guidance’ masks ‘major power grab’

The CFPB Wednesday released an advisory opinion for financial institutions it supervises – which includes credit unions with more than $10 billion in assets – to provide consumers with information about their accounts “in a timely manner” and without a fee. NAFCU Senior Vice President of Government Affairs Greg Mesack argued this approach “is another instance of the bureau overstepping its authority and masking a major power grab as simple ‘guidance.’”

NCUA issues guidance as student loan payments resume

The NCUA Wednesday issued a Letter to Credit Unions flagging risk management considerations as student loan payment obligations resume. Federal student loan interest resumed Sept. 1, 2023, and payments restarted this month after being paused amid the pandemic.

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FOMC minutes indicate emerging differences among committee members

The Federal Open Market Committee (FOMC) yesterday released minutes from its September meeting, revealing differences among committee members continue to grow.

New Compliance Blog provides update on state data privacy laws

As credit unions work to meet the needs of more than 138 million Americans, NAFCU's award-winning regulatory compliance team continues to keep credit unions informed with new posts on the Compliance Blog. Of note, there was only one post published this week as NAFCU’s office was closed Monday in observance of the federal holiday.