America’s Credit Unions Thursday hosted a webinar to provide members with information on the Overseas Military Banking Program (OMBP). During the event, Department of Defense (DoD) Director for Banking and Credit Union Programs Bill Hawbecker provided a breakdown of what the program is and how DoD works with the banking sector. Hawbecker also discussed how …
Credit union leaders are making a difference sharing the impact of overregulation on the people they serve with Congress. Bringing their messages from Indiana and Kentucky, respectively, credit union CEOs Karen Madry and Karen Harbin provided a voice for the people who will face the greatest challenges if programs like overdraft protection are put at …
Credit unions can submit feedback on the Federal Reserve’s request for comment on expanding the Fedwire Funds Service and National Settlement Service (NSS) operating hours directly to America’s Credit Unions via a regulatory comment alert sent to members Thursday. The alert offers a breakdown of the proposal, which would change the operating hours for both services to …
A new bill to assist consumers facing barriers to home ownership was introduced Wednesday by Rep. Teresa Leger Fernandez, D-N.M. The Home of Your Own Act would create a new national homeownership grant program at the U.S. Department of Housing and Urban Development, providing one-time, $30,000 homeownership assistance grants to eligible first-time homebuyers who earn …
America’s Credit Unions keeps credit unions informed with new posts on the Compliance Blog, published every Tuesday and Thursday. Here’s a look at what’s new on the blog: Are Unlawful Terms in Your Contract a Deceptive Act or Practice?: Keith Schostag breaks down the CFPB’s June 4 circular that specifies having unlawful or unenforceable terms and …
