NAFCU

Financial institutions and retail companies are trading barbs over which industry poses greater risk to sensitive customer information just as lawmakers are planning to take another stab at a data security bill.

Credit union executives talked up a pending regulatory relief effort while endorsing a radical shift in direction by the Consumer Financial Protection Bureau during a meeting with President Trump and other top White House officials on Monday.

This is the second time this year a Virginia court has thrown out an ADA suit aimed at a credit union on the basis the plaintiff had no standing to sue.

The National Association of Federally-Insured Credit Unions and the Credit Union National Association sent a joint letter to Sen. Orrin Hatch on Wednesday defending the credit union charter and its tax status.

Fifty-two state bank trade associations sent a letter to Sen. Orrin Hatch, R-Utah, encouraging him to continue his review of the credit union tax exemption.

CU of America promotes six executives, NAFCU taps new director of political affairs and more new hires and promotions at credit unions across the country.

Credit union groups were scrambling Wednesday to respond to a letter from Senate Finance Committee Chairman Orrin Hatch questioning whether the industry had outgrown its income-tax exemption.

Four financial trade associations sent a letter to Senate leaders touting the regulatory relief bill as "example of how our elected leaders can advance necessary solutions by working together and across the aisle."

A judge in federal district court on Friday declared the plaintiff in Carroll vs. Northwest Federal Credit Union did not have standing to sue due to ineligibility for membership at the credit union.

The proposed legislation would give the agency authority to increase funding for the 7(a) program — with several caveats designed to manage exposure.