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The NCUA Board on Thursday issued three separate proposals regarding mergers and the exam appeals process. Of note to credit unions, the merger proposal would require additional compensation disclosures.
NAFCU President and CEO Dan Berger on Wednesday praised NCUA Acting Chairman J. Mark McWatters' call in a letter to CFPB Director Richard Cordray to use the exemption authority under Section 1022 of the Dodd-Frank Act with respect to credit unions "whenever possible."
In action not wholly unexpected, reports Wednesday said House Financial Services Chairman Jeb Hensarling, R-Texas, has decided to remove the Durbin amendment repeal provision from the Financial CHOICE Act before the measure reaches the House floor.
Today we're going to take a very high-level look at the scope of the European Union's new General Data Protection Regulation (GDPR), so credit unions can begin to figure out whether they will be affected.
When you set up pay-per-click (PPC) campaigns for your credit union, it's easy to get discouraged when you see that you are competing against larger financial institutions with huge ad budgets and national reach. However, PPC can be one of the most effective ways to reach new members and get new business, especially for smaller community-based institutions such as credit unions. If you haven't yet tried PPC advertising through Google, Bing or search engines and social networks that your members use, it's time to give it a whirl.
Your members' money exclusively funds the operations of NCUA, and because every single dollar counts, NAFCU holds the NCUA to the highest standards when it comes to managing the Credit Union Share Insurance Fund (NCUSIF), refunds from the Temporary Corporate Credit Union Stabilization Fund (TCCUSF) and the agency's operating budget. Stay updated on these issues and our advocacy efforts on your behalf.
On February 19, 2016, the NCUA Board unanimously approved a final member business lending rule that amends Part 723 of NCUA's Rules and Regulations regarding the ability of federally-insured credit unions to make Member Business Loans (MBLs). Download NAFCU's Final Regulation summary and full rule text.