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CU Times covers the NCUA, CUNA, NAFCU, CFPB as well as Congress to keep credit union executives up-to-date on regulatory and compliance changes coming out of Washington, D.C.
The credit union industry, for the most part, supports these efforts to encourage CU growth.
The filing is done by the same seven groups that filed a lawsuit fighting the rule last week.
Trade groups mull the potential for financial disruptions on a scale quite larger than consumer regulations.
America’s Credit Unions and several bankers associations file a preliminary injunction to stop the new rule.
The ultimate fate of the rule remains murky as the Trump Administration is set to take over the Bureau.
Legal and compliance expert says this is an “unequivocal warning” to credit unions to address the issue sooner than later.
DCUC officials issue statement calling out the CFPB’s “regulatory overreach” and need for structural reform.
America’s Credit Unions list several ideas to improve operational practices of the discount window.
Leaders from credit union organizations are taking this news as a win to end 2024.
A joint statement advises CUs and other FIs to do their part to mitigate financial exploitation targeting older adults.