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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.
Now that both the House and Senate have passed similar resolutions, it moves to President Biden for his signature.
Many criticisms raised by Republicans are similar to those outlined in a joint letter from CUNA and NAFCU.
The agency says credit unions must file Form 5300 Call Reports on time or face penalties.
Several groups ask the Fed for a 90-day extension to better analyze the Debit Card Interchange Fee proposal.
The call for following rulemaking processes comes after the CFPB issued a proposed rule in September that would impact credit unions.
CUs cannot profess to protect consumers while simultaneously maximizing their revenue through overdraft fees.
Also, the Share Insurance Fund quarterly update shows positive trends.
Find out what implications New York State oversight has on CUSOs and credit unions.
Chairman Harper says amending the Federal Credit Union Act would give better protection to CUs and the SIF.
Congressional leaders and the public will get the chance to question agency officials this week on a variety of issues.