CFPB Director Rohit Chopra indicated in remarks Thursday that the bureau would be responsive to recommendations sent in December by America’s Credit Unions’ legacy organizations on the CFPB’s section 1033 proposed rule. The proposal covers consumer access to financial data and depends largely on recognition of an organization to set a qualified industry standard to …
America’s Credit Unions Chief Advocacy Officer Carrie Hunt spoke with the Editor-In-Chief of Credit Union Times Wednesday and gave insight into her priorities for America’s Credit Unions’ advocacy agenda. During the conversation, Hunt noted fighting against interchange legislation circulating in both chambers of Congress was her top priority. She also addressed the increase of fraud …
The NCUA will host a free webinar April 4 tackling liquidity risk management. Credit unions are encouraged to attend; registration is open now. During the event, representatives from the agency will review the NCUA’s Jan. 17 advisory issued to credit unions, outlining the importance of having a strong liquidity management framework due to the …
The number of Americans that are members of credit unions increased to over 142 million in January, according to the recently released America’s Credit Unions’ Monthly Credit Union Estimates. Additionally, the estimates revealed that credit union loans outstanding and savings balances declined slightly in January. Other highlights from the report: Credit union loan-to-savings rates increased …
The economy might look good by the numbers, but there’s still a lot of consumer uncertainty, America’s Credit Unions’ economic team told the BIGCast in its recent episode from the Governmental Affairs Conference (GAC). America’s Credit Unions’ Ligia Vado called it a “vibe-cession,” noting that consumers do not seem very optimistic. “Even though the economy …
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