America’s Credit Unions President/CEO Jim Nussle wrote to members of Congress on why an alternative approach is preferred to a proposed amendment to the House FY2025 National Defense Authorization Act (NDAA) that would clarify military members under the Department of Defense’s Overseas Military Banking Program (OMBP)—but only OMBP members—are insured by the National Credit Union …
In an op-ed for CUInsight, America’s Credit Unions Chief Advocacy Officer Carrie Hunt expressed that the NCUA “has peddled party-line policies, gotten overly involved in consumer protection, and placed more regulatory burden on credit unions.” She called on the agency to “return to its roots and be an independent regulator.” Hunt noted regulators, including the CFPB …
The CFPB finalized a rule Monday to establish a registry requiring certain nonbank entities that have broken consumer laws and are subject to federal, state, or local government or court orders to report them to the bureau. According to the CFPB, it will help the bureau “identify repeat offenders and recidivism trends.” The rule does …
The NCUA announced several events and activities that are scheduled over the course of June in recognition of Minority Depository Institution (MDI) Awareness Month to highlight the essential role MDIs play in their communities. The activities include: Learn more about MDI Awareness Month.
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