America’s Credit Unions President/CEO Jim Nussle and members of its advocacy team met with CFPB Director Rohit Chopra Wednesday for a discussion on topics ranging from the credit union difference to the negative impacts of misguided or poorly tailored regulations. “We thank Director Chopra for his time and the lively discussion, which included how …
Nussle, advocacy team meet with CFPB Director Chopra Read More »
Credit unions support a more transparent process for changes to NCUA’s call report, America’s Credit Unions’ Ann Petros wrote to NCUA Chairman Todd Harper Wednesday. Changes to the call report—proposed by the NCUA Board in December and effective March 31—require credit unions with more than $1 billion in assets to list income related to overdraft …
Transparency needed in any future NCUA call report changes Read More »
The Utah Credit Union Association and the California and Nevada Credit Union Leagues have reached an agreement to form a joint association support services organization. Scott Simpson, current president/CEO of the Utah Credit Union Association and a member of America’s Credit Unions Transition Board of Directors, will serve as president of the new partnership. California and …
California, Nevada, Utah leagues form new partnership Read More »
Cassandra Worthy has spent years improving her outlook on change, and she’s sharing her strategies during her “Master the Chemistry of Change: Uncover Your Inner Change Enthusiasm®” keynote at America’s Credit Unions’ Governmental Affairs Conference (GAC) in Washington, D.C., March 3. “I want them to feel inspired and empowered,” says the founder and CEO of …
Worthy to detail keys to becoming a change enthusiast at GAC Read More »
It’s that time of the year again, the HMDA reporting deadline! As noted in this NCUA Letter to Credit Unions, the deadline to report 2023 HMDA data to the CFPB is March 1, 2024. What about for 2024 data? Well fortunately, the 2023 HMDA letter is not an anomaly and NCUA generally publishes an annual …
Dr. Jennifer Golbeck has complicated feelings about artificial intelligence. The computer scientist and University of Maryland professor hopes people understand why after her presentation on “AI, Connectedness, and the Big Data Future for Financial Services” at America’s Credit Unions’ Governmental Affairs Conference in Washington, D.C., March 4. “It’s complicated—a combination of optimism and caution,” Golbeck …
Credit unions: Learn how to use AI while maintaining members’ trust at GAC Read More »
The NCUA and Community Development Financial Institution (CDFI) Fund will host a free webinar tomorrow to provide credit unions with information about the CDFI certification process. Registration for the event is still available. During the webinar, staff from the NCUA and CDFI Fund will discuss the requirements of the revised CDFI Certification Application, including …
On February 16, 2024, the Consumer Financial Protection Bureau (CFPB) issued a procedural rule updating the process by which financial institutions can appeal supervisory findings. The updated rule broadens the CFPB officials eligible to evaluate appeals, the options for resolving an appeal, the matters subject to appeal, and makes additional clarifying changes. The CFPB’s first …
CFPB Revises Its Supervisory Appeals Process for Financial Institutions Read More »
