House Committee Approves CU Member Expulsion Bill
The House Financial Services Committee approved legislation that would make it easier for credit unions to expel members who pose a threat or engage in dangerous or illegal conduct.
NCUA Extends Virtual Credit Union Meeting Permission Through 2022
The NCUA will continue to allow credit unions to conduct membership and board of directors meetings virtually until the end of 2022, as long as the national pandemic emergency continues, agency Chairman Todd Harper announced.
Berger to NCUA: Delay Call Report Changes, Improve Communication
The NCUA should delay changes to the credit union Call Report system since the agency has failed to provide “meaningful and proactive communication,” about the changes, NAFCU President/CEO B. Dan Berger argued.
Trades Ask for More Time to Comment on CFPB Lending Rule
Financial trade groups, including CUNA and NAFCU, are asking the Consumer Financial Protection Bureau for an additional 45 days to review and comment on the agency’s 913-page proposed small business credit reporting rule.
GOP Senators: Postal Banking is Ill-Advised and Maybe Illegal
A postal banking pilot program being run by the U.S. Postal Service is a bad idea, is not needed, and may violate federal law, 19 Republican senators wrote in a letter to Postmaster General Louis DeJoy.
NCUA Union: Don’t Set Date for Mandatory Return to Offices
For the health and safety of their employees, NCUA officials should not set an arbitrary date for workers to return to their offices as the pandemic subsides, the president of the union representing agency employees said.
Most Community Banks Won’t Sell to Credit Unions
A majority of community bankers say they would not sell their institutions to a credit union, even if the credit union offered the best price, according to a new survey conducted by the IntraFi Network.
Is NCUA’s Lack of Vendor Oversight a ‘Regulatory Blind Spot?'
Federal cybersecurity supervision has a “regulatory blind spot” since the NCUA lacks the power to regulate third-party vendors that offer cybersecurity services, witnesses told a House Financial Services Committee subcommittee.
NTU Panel: No Difference Between Banks, Credit Unions
There are no differences between banks and credit unions, speakers at a National Taxpayers Union forum agreed. Therefore credit unions should be treated just like banks.