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TAMPA, Fla.—Noting that small credit unions are at an inflection point when it comes to the ability to afford the kinds of technologies members have come to expect, Laida Garica said she still asks a question she raised early in her career: “Why aren’t more small shops collaborating?

WASHINGTON— The Consumer Financial Protection Bureau (CFPB) said it is ordering Wells Fargo Bank to pay more than $2 billion in redress to consumers and a $1.7 billion civil penalty for legal violations across several of its largest product lines.

WASHINGTON—Credit unions and other financial institutions need a reasonable transition period to comply with “sudden changes” in the 2020 Home Mortgage Disclosure Act (HMDA) final rule, CUNA, NAFCU and the American Bankers Association wrote to Federal Financial Institution Examination Council (FFIEC) member agencies.

WASHINGTON–The 117^th Congress will be heading home after passing the huge omnibus spending package that will keep the federal government operating, with credit unions having gotten some of what they wanted, while other provisions CUs strongly opposed were not included.

WASHINGTON—NAFCU, along with several other organizations, has filed an amicus brief with the U.S. Supreme Court it to review a recent decision from the U.S. Court of Appeals for the First Circuit and to consider whether the Fair Credit Reporting Act (FCRA) preempts the state of Maine’s credit reporting laws.

WASHINGTON—NAFCU and CUNA have joined with other trade groups in sharing concerns with the CFPB over its probe into the auto lending market.

BOONE, N.C. – SECU Foundation provided Hospitality House of Northwest North Carolina a grant of $40,000 to help expand programs and services to help the homeless in Northwest North Carolina.