
Jim Nussle
President and CEOJim Nussle is president and CEO of America's Credit Unions.
Jim Nussle is president and CEO of America's Credit Unions.
When banks realize they are unable to continue their operations, a credit union is often a natural partner to consider.
Big national retailers will capture all the financial benefits from proposed reductions in swipe fees, while consumers will be left with fewer benefits programs and less secure transactions.
An advocate for the credit union industry pushes back against "tired" and "recycled" criticism from bankers.
Credit unions won the day as the Supreme Court rejected an appeal that would have limited consumers' access to financial services. Now Congress must act to remove those field-of-membership restrictions entirely.
As they continue to protest credit union mergers, banks are set to reap the benefits from a deal that will create an institution one-third the size of the entire CU industry.
The banking industry is unduly worried that recent credit union deals could open the door for anyone to join.
The banking industry is unduly worried that recent credit union deals could open the door for anyone to join.
The time is now for Congress to enact stricter data security standards that better protect credit unions and consumers.
The passage of the Credit Union Membership Access Act was landmark legislation for the movement, and its impact is still being felt 20 years after it was signed into law.
It wouldn't be a stretch to say the legislative process surrounding regulatory relief for credit unions is akin to a political game of "Battleship."