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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.
Jeff Olson says $10.5 million in recovered assets from the failed Midwest Corporate FCU belong to 30 North Dakota credit unions.
The fund comes from the remnants of four corporate credit unions the NCUA liquidated in 2010.
Next year's GAC will run from Feb. 26 through March 2.
The bureau states nonbank fintechs must adhere to the requirements of the Gramm-Leach-Bliley Act.
Deliver a more complete, simplified, user-friendly experience while improving the speed and efficiency of your CU's operations.
The Kansas City, Mo.-based WeDevelopment FCU will begin operations later this year.
NAFCU, CUNA and bankers want the bureau to hold fintechs to credit union and bank standards.
Bill introduced in Senate would allow competitors to Visa and Mastercard to handle transactions.
CUNA and NAFCU both support H.R. 6889, which reduces the number of times CU boards are required to meet each year.
Chairman Harper also announces in-person board meetings will resume in September.