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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.
These changes represent opportunities as well as challenges, so long as they are not ignored.
Trades ask the Bureau to extend the rulemaking notice on the personal financial data rights proposal.
NAFCU calls the $394.5 million proposed budget "unreasonable" and asks for cost-cutting measures.
The legislation will also hurt small FIs like CUs the most, limiting their ability to even offer members a credit card.
The court order halts implementation of the rule and covers credit unions nationwide.
CUNA, NAFCU and others slam the proposal while merchants cheer.
Credit union officials want the FCC to better tailor robocall regulations.
The groups call on the Fed to share details of the possible revisions before the board of governors meet this week.
Navy Federal extends support for the Overseas Military Banking Program and urges the NCUA to do the same.
When CU members use their personal accounts for business purposes, there are a number of implications.