The U.S. Supreme Court ruled Thursday that the CFPB’s funding structure does not violate the constitution, overturning a decision from the U.S. Court of Appeals for the Fifth Circuit. “The Court’s decision to side with the CFPB is one of acute consequence to credit unions and their 142 million members who are suffering from the …
WASHINGTON, D.C. – America’s Credit Unions sent a letter to the CFPB vehemently opposing the bureau’s proposed rule related to overdraft fees as it will harm community-based credit unions and their members. The proposal would amend Regulations E and Z to update regulatory exceptions for overdraft credit provided by “very large” financial institutions. America’s Credit …
America’s Credit Unions Flags Consumer Consequences of CFPB’s Overdraft Proposal Read More »
WASHINGTON, D.C. – America’s Credit Unions President and CEO Jim Nussle presented Crystal Long, president and CEO of GECU in El Paso, Texas, with the 2024 Greg Inman Servant Leadership Award. Long received the recognition during the Governmental Affairs Conference in Washington, D.C., Tuesday. Long was recognized for her commitment to her employees and community, her …
Ameria’s Credit Unions Announces Inman Servant Leadership Award Winner Read More »
The CFPB Tuesday issued its final rule to drastically reduce the safe harbor threshold credit card issuers can charge for late payments to $8. While the rule only applies to issuers that have over 1 million open accounts and the bureau claims the rule will have no impact on smaller issuers such as credit unions, …
STATEMENT CFPB caps credit card late fees safe harbor at $8 Read More »
“The CFPB’s new report on the credit card market clearly shows the credit union difference: Credit unions offer more affordable credit solutions to Americans than the largest issuers. With better rates and lower annual fees on average, consumers can more easily achieve their best financial lives when they partner with a credit union. This report …
STATEMENT on CFPB report on credit card interest rates Read More »
“The CFPB has deliberately exceeded its intended purpose at the expense of the hardworking Americans they claim to protect. Its latest overdraft fee proposal is another devastating blow to working class Americans as it takes away a lifeline many consumers in financial distress rely on to make ends meet. We have worked tirelessly to ensure …
WASHINGTON, DC – Today, the America’s Credit Unions Transition Board of Directors held its first official meeting since the launch of the new trade association Jan. 1. The board, led by Chairman Brian Schools and Vice Chair Lisa Ginter, held a meet-and-greet with the association’s Executive Leadership Team, appointed committee assignments, approved a supplemental budget …
America’s Credit Unions Board of Directors Holds First Meeting Read More »
WASHINGTON, DC – Today, Jim Nussle, who will serve as President/CEO of America’s Credit Unions beginning Jan. 1, 2024, announced the Executive Leadership Team for the new association. Nussle has appointed Jill Tomalin to serve as Executive Vice President, who will support him in leading the organization. The Executive Leadership Team is comprised of the Chief …
Nussle Selects Executive Leaders for America’s Credit Unions Read More »
