WASHINGTON–With NCUA having announced last week a public budget briefing on Nov. 16 for its staff draft budget for 2024-25, CUNA is expressing concerns over the short time period to prepare comment, the overall 9.5% proposed increase in spending, and its plans to hire more consumer protection specialists.
Fresh Today
MADISON, Wis.–CUNA’s Small Credit Union Initiative has launched a project that is collecting “success stories” from smaller CUs in order to share those strategies with each other.
BOOVILLE—As Halloween arrives, one credit union in the Northeast reports several tales of terror, but none more ghastly than a very spooky letter to the CEO from a member.
ST. LOUIS–With Halloween here, a new survey finds an increasing number of Americans believe in the paranormal and also believe they live with ghosts.
WASHINGTON—NAFCU and CUNA have joined with other financial trade groups in writing to the CFPB requesting the comment period for the notice of proposed rulemaking (NPRM) on section 1033 of the Dodd-Frank Act--which has to do with personal financial data rights—be extended to 90 days from 60 days after its publication in the Federal Register.
WASHINGTON—NAFCU and CUNA have written to NCUA with recommendations for improvements to the agency’s request forms for board members and staff to participate in various speaking engagements.
MONTROSE, Colo.–NuVista FCU here has received a $100,000 workplace housing grant from the SeaTac, Wash.-based GoWest Foundation, the philanthropic arm of the GoWest Credit Union Foundation.
HARRISBURG, Penn. —While most financial reality fairs hosted by credit unions are for students, the CrossState Credit Union Foundation joined with the Pennsylvania Department of Corrections and Pennsylvania Department Banking & Securities as part of an event held for 70 prisoners reentering society.
SACRAMENTO, Calif. — In a continuation of a yearlong crackdown on what it is calling “unscrupulous” debt collectors, the California Department of Financial Protection and Innovation (DFPI) has issued enforcement actions against four entities for unlicensed debt collection activity under the Debt Collection Licensing Act (DCLA) and unfair, deceptive, or abusive acts or practices (UDAAP) in violation of the California Consumer Financial Protection Law (CCFPL).
PURCHASE, N.Y.—Mastercard said it has introduced on-demand access to online shopping and grocery delivery through a partnership with Instacart, in addition to announcing its first streaming service subscription offering with Peacock on its consumer rewards credit cards.