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The rule mirrors one the NCUA board adopted last year, as credit unions faced an influx of coronavirus stimulus-related deposits.
CEO of Premier Members CU says fintechs must "compete on a level playing field of regulation and supervision."
The agency's procurement process is hampering smaller organizations' efforts to access funds to help development abroad, CUNA charges.
The House Financial Services Chairwoman believes "these funds are critical" to get new FinCEN requirements up and running.
The agency cites the pandemic as the reason for the 60-day delay.
The administration says the proposed money builds on an "unprecedented level of support for the CDFI industry in 2021."
The war of words between banks and credit unions continues over the tax exemption issue, as VyStar and CUNA weigh in.
The FDIC launches a new program in Houston and Atlanta to reach the unbanked population.
"It's critical we make credit unions safer for both employees and their members."
The agency's plan is an attempt to give borrowers time to find ways to make payments once pandemic relief ends.