Regulatory & Compliance

Focusing on the more stringent regulatory expectations placed on larger CUs will help a fintech prepare to enter the big leagues.

One thousand fifty-eight surveys are sent out to credit union executives with a 17% response rate.

The bill is considered the most significant update to the Federal Credit Union Act since 1998.

The vote will keep NCUA Chairman Todd Harper on the board until April 2027.

But CUNA and NAFCU ask that the NCUA continue to monitor CUSOs.

Chairman Harper's letter says distributed ledger technologies are OK if they stay within existing regulations and safety limits.

Federal law requires lenders to tell consumers why an adverse credit decision has been made, even if an algorithm made the decision.

NCUA Vice Chair Kyle Hauptman says the proposed Diverge PFCU is a concept that exemplifies true financial inclusion.