WICHITA, Kans.—Bob Thurman, who guided the $1.6-billion Credit Union of America for 37 years as president/CEO, has died, the Wichita Business Journal reported.
Fresh Today
WASHINGTON—The Senate Thursday confirmed Russell Vought to lead the Office of Management and Budget.
WASHINGTON—The CFPB has filed a motion to stay proceedings related to the Bureau’s final overdraft rule, noting the new leadership of Acting Director Scott Bessent and time needed to review the rule, litigation, and other considerations, America’s Credit Unions reported.
CHICAGO—While a federal judge Thursday expanded a preliminary injunction against enforcement of an Illinois state law restricting interchange fees to include out-of-state banks, the court denied credit unions’ request to be included in that injunction.
WASHINGTON—Dozens of leagues and credit union advocates met with key committee members on Capitol Hill this week, America’s Credit Unions reported.
WASHINGTON—At the Senate Banking, Housing, and Urban Affairs hearing on debanking this week, Ranking Member Elizabeth Warren (D-MA) made the case for lifting the freeze on the CFPB to finalize rules that would help prevent debanking by addressing some of the root causes—from overdraft fee practices to discrimination because of someone’s religious or political beliefs, the Senate Banking Committee stated in a release.
INDIANAPOLIS—Jennifer Mulligan has been tapped to lead the $82-million KEMBA Indianapolis Credit Union, the CU reported.
WASHINGTON—Credit unions support a bill introduced by Rep. Roger Williams ( R-TX) to repeal the small business loan data collection requirements established under Section 1071 of Dodd-Frank, America’s Credit Unions stated.
WASHINGTON—Credit unions and the shared need for regulatory relief to benefit communities were addressed during Wednesday’s House Financial Services Committee hearing, America’s Credit Unions reported.
WASHINGTON--Federal credit unions would have additional board meeting flexibility under bipartisan legislation introduced by Reps. Bill Huizenga (R-MI) and Juan Vargas (D-CA). The Credit Union Board Modernization Act (H.R. 975) would allow credit union boards to meet six times per year, instead of once per month as currently required, America's Credit Unions reported.