NAFCU

Recent letters from NAFCU and CUNA called on the Consumer Financial Protection Bureau to provide a carve out in its payday lending rule for loans made by credit unions.

A report from the National Credit Union Administration’s Office of the Inspector General found the agency routinely failed to properly dispose of IT materials and spent roughly $440,000 on unnecessary equipment, among other findings.

The industry has long complained that gathering the data is confusing and costly but two plans issued by the CFPB could help lighten the burden for a significant portion of credit unions.

A proposal to give the Consumer Financial Protection Bureau jurisdiction over credit unions with $10 billion or more of assets has sparked a war of words between the longtime foes.

There is anticipation that the Consumer Financial Protection Bureau could release its debt collections proposal later this week.

The National Credit Union Administration is aiming to clarify guidelines around incentive compensation, which could help the industry better attract top talent.

Congress has returned from its two-week vacation with plans to debate a number of issues important to the credit union industry.

A federal court this week will hear arguments in NCUA's appeal of a a judge's split decision on its 2016 field of membership rule while the new NCUA board meets later in the week.

The chairwoman of the House Small Business Committee promised to block action on the agency's budget unless it can justify its fee-hike request.

The bipartisan bill, praised by credit union trade groups, is the top 2019 legislative priority for the Defense Credit Union Council.