New interchange research shows legislative efforts to disrupt the “safe, secure and well-functioning credit card system” with the Big Box Bailout bill would hurt people that bill sponsors claim it would benefit, America’s Credit Unions wrote to members of Congress Wednesday. “If Congress passes this flawed interchange bill, there are six distinct consequences to American …
America’s Credit Unions and other financial trades wrote to the Federal Communications Commission (FCC) to urge the commission to address a variety of concerns on its draft order and notice of proposed rulemaking on revocation of consent for robotexts. The organizations expressed support for the FCC’s decision to extend the processing time for revocation from …
The NCUA released the agenda for its February Board meeting, noting that the agency will receive a briefing on the Share Insurance Fund’s (SIF) quarterly report and will issue a final interpretive ruling and policy statement on the Minority Depository Institution (MDI) Preservation Program. The NCUA outlined proposed changes to the MDI Preservation Program last …
Credit unions interested in certification to become a Community Development Financial Institution (CDFI) can learn about the application process during a Feb. 29 webinar hosted by the NCUA and CDFI Fund. Online registration for the webinar is now open. The hour-long webinar is scheduled to begin at 2 p.m. Eastern. Staff from the NCUA and …
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