The CFPB released a proposal Wednesday that would apply Truth in Lending Act provisions to overdraft services charged by financial institutions with more than $10 billion in assets. America’s Credit Unions strongly opposes efforts to limit the availability of overdraft services and previously wrote to the CFPB that overdraft fees are not junk fees, disclosures …
Credit unions can now access the America’s Credit Unions Compliance Blog where new posts are published every Tuesday and Thursday. The blog provides critical information on all things related to compliance: from a breakdown of complex or technical requirements to analysis of recent agency guidance or legal developments. “America’s Credit Unions carries forward many of …
Ahead of the House Committee on Small Business’s hearing on access to capital, America’s Credit Unions President and CEO Jim Nussleurged committee members to support legislation that would empower credit unions to provide more support for Main Street businesses. The Member Business Loan Expansion Act, introduced by Reps. Vicente Gonzalez, D-Texas, and Brian Fitzpatrick, R-Pa., …
