America’s Credit Unions board leaders call on CUs to ‘embrace cooperative spirit’

America’s Credit Unions Transition Board of Directors Chair Brian Schools and Vice Chair Lisa Ginter are encouraging credit unions to embrace the industry’s cooperative spirit as the new organization begins its transformative journey in 2024.

NAFCU, trades oppose petition to ban arbitration

NAFCU joined with several other trade associations to voice opposition to a petition made to the CFPB that would require the bureau to pursue a rulemaking to ban pre-dispute arbitration provisions in contracts for consumer financial services.

NAFCU calls on Senate Small Biz Committee to support MBL cap relief for veterans

NAFCU Vice President of Legislative Affairs Brad Thaler Tuesday wrote to the Senate Small Business Committee ahead of today’s hearing regarding veterans' entrepreneurship. Thaler offered support for the Veterans Members Business Loan Act, which would exempt loans made to veterans from the credit union member business lending (MBL) cap and has been introduced in both chambers.

🥳 Back after a Sell-out Year!

Unlock next-level success for your credit union's growth at the 2024 Strategic Growth Conference in beautiful Savannah, GA, March 11 - 13. Hurry! This conference is selling quickly again this year!

Financial regulators testify before SBC; NAFCU, CUNA write to HFSC ahead of hearing

Federal financial regulators, including NCUA Chairman Todd Harper, testified before the Senate Banking Committee (SBC) Tuesday. In his remarks, Harper stressed the need for enhancements to the Central Liquidity Facility (CLF) after pandemic-related provisions expired Jan. 1. NAFCU and CUNA detailed their support for CLF enhancements in their letter to the committee ahead of the hearing.

Most powerful women in CUs honored

American Banker Tuesday announced the honorees of its 2023 “Most Powerful Women in Credit Unions,” sharing the stories of 15 distinguished women leading the credit union industry. Throughout the snapshots, each recipient highlighted efforts to strengthen their institution and the credit union difference.

NAFCU’s Reg Committee talks NCUA budget proposal, rules open for comment

NAFCU’s Regulatory Committee met Tuesday to discuss proposals open for comment from the NCUA, CFPB, and Federal Reserve, as well as the NCUA’s proposed 2024-2025 budget.

October’s inflation report is ‘below expectations’

On a seasonally-adjusted basis, overall consumer prices remained the same in October, with the overall consumer price index (CPI) falling 3.2 percent year-over-year. NAFCU Economist Noah Yosif analyzed the data in a new Macro Data Flash report.