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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 agency's OMWI report highlights its diversity efforts while revealing where more work must be done.
The action aims to give credit unions and banks better tools to lend or modify loans in wildfire-damaged areas.
Thirty-eight mergers got the federal agency's nod during Q4, bringing the total year-end consolidation number to 145, down from 181 in 2022.
In her new role at America's Credit Unions, Hunt faces many challenges on the state and federal legislative fronts.
The final rule lowers typical late fees from $32 to $8.
America's Credit Unions updates layoff plans to say it will cut about 38 of its 154 workers in the state starting March 15.
A House bill is introduced by a Missouri lawmaker who is opposed to the Fed's efforts to cut interchange fees.
The bill enables CUs and banks to train staff and contact a trusted person if elderly financial abuse is suspected.
CFPB threshold limits rule to big banks and Navy Federal, and allows higher fee if they can show it is necessary to cover costs.
The agency charters the New Jersey State Policemen's Benevolent Association Federal Credit Union.