Regulatory & Compliance

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.

The new CU's goal is to deliver financial services to an area where more than one in four residents don't use a federally-insured financial institution regularly.

CUs must take a close look at how they are continuously assessing risk and close any resulting gaps.

NAFCU praises the move as supporting its position that fintechs should be subject to greater regulation to even the playing field.