Law and regulation

The industry spent a good portion of 2018 fighting ADA and overdraft lawsuits, and experts say despite some progress, next year could hold more of the same.

Banks were reluctant to offer services to an industry that had a hazy legal status. That’s about to change.

The two institutions had to change their names after a law passed in the Hawkeye State that forbid CUs from using a state university in their names.

With control of the House changing hands in January, credit unions are set to shift their focus from regulatory relief to cybersecurity and fighting CRA.

The current deputy secretary of the Department of Housing and Urban Development, Pam Patenaude, will step down in January.

As Congress races to fund the government, a criminal justice reform bill could also include the STATES Act, which would provide safe harbor for credit unions serving the legal marijuana industry.

Despite continued growth and regulatory victories, this year saw challenges on a number of fronts that could have lingering – and even negative – consequences for the industry in 2019 and beyond.

Three different methodologies will be tested in the pilot program, which is expected to last about three years.

The White House confirmed that it plans to nominate Mark Calabria as the next director of the Federal Housing Finance Agency.

Republicans on the House Oversight Committee concluded that last year’s massive data breach at Equifax was fully preventable, but stopped short of recommending new laws aimed at averting future hacks. Democrats called the final report a “missed opportunity.”