NAFCU

The breach that affected more than 143 million Americans has still has credit unions worried, according to new data from NAFCU -- and they're expecting costs to rise as a result.

The announcement by the head of the Consumer Financial Protection Bureau ends months of speculation about how long he planned to stay at the agency.

Letters from CUNA and NAFCU say credit unions are facing significant litigation threat from frivolous suits.

The trade group's Annual Report on Credit Unions was released today, focusing on the regulatory burden and the importance of the credit union tax exemption.

CUNA and NAFCU cautioned, however, that the bill is by no means final and could still change.

Both CUNA and NAFCU filed briefs in response to the regulator’s proposed budgets, which continue to rise despite a shrinking NCUA workforce and a contracting industry.

Why are credit unions lending their name to this fight when the vast majority of them do not use forced arbitration and have not been caught up in Wall Street’s excesses?

A new partnership between NAFCU and Hyperledger is said to be the first such alliance between the blockchain consoritum and a financial services trade association.

Credit union representatives on Wednesday praised the regulator for its newfound willingness to hear their concerns on the budget, but emphasized that 10 years of budget increases – during which time the number of CUs has shrunk by a quarter – is enough.

In a moment of rare unity, the Independent Community Bankers of America and National Association of Federally-Insured Credit Unions sent a joint letter to FHFA arguing to stop the GSEs' profit sweep.