The trade group filed a brief backing an effort by the American Bankers Association to push back against the NCUA's planned revisions to field-of-membership regulation. ... Read full article
Credit unions continue to press the Consumer Financial Protection Bureau for regulatory relief, arguing that existing exemptions have not gone far enough. ... Read full article
The Treasury Department significantly raised an estimate for how much the exemption will cost the government over the next decade, giving bankers some hope that their complaints are finally being heard. ... Read full article
Federal regulators are early in the process of deciding whether to broaden credit unions' access to capital markets, but banking lobbyists have seen enough to argue that it would let credit unions skirt business-lending limits. ... Read full article
On Dec. 31, 2016. Dollars in thousands. ... Read full article
On Dec. 31, 2016. Dollars in thousands. ... Read full article
On Dec. 31, 2016. Dollars in thousands. ... Read full article
Sovrin, a new blockchain for the creation and management of digital identities, may help credit unions save money and fight fraud while returning power to individuals. ... Read full article
A profile of Dawn Fitzpatrick following her big move from UBS to Soros; a weakness to watch out for in loans made by men to men; and the preponderance of female credit union CEOs. ... Read full article
The trade association's lawsuit challenging new field-of-membership rules may have the opposite effect, as more credit unions consider expansion before the litigation is resolved. ... Read full article
Sens. Ron Wyden, D-Ore., Lisa Murkowski, R-Alaska, Elizabeth Warren, D-Mass., and Ed Markey, D-Mass., introduced a bill Wednesday that would allow credit unions to increase their business lending. ... Read full article
Coast Capital Savings, Canada's biggest credit union by membership, plans to expand beyond British Columbia to challenge the dominance of the nation's banks. ... Read full article
Sen. Mike Rounds, R-S.D., told a meeting of bankers not to focus on credit unions' tax exemption in talks with lawmakers, saying the two industries should unite over regulatory reform. ... Read full article
Credit unions and financial institutions are required to take steps to protect against cyberattacks, but small businesses that process payments are not doing enough to protect the security of the financial system, a credit union executive said Wednesday. ... Read full article
Lawmakers from both sides of the political aisle voiced their support Wednesday for keeping credit unions' federal tax exemption intact even as the Trump administration and Congress prepare to make sweeping changes to the tax code. ... Read full article
The banking industry's top advocacy groups can't support giving credit unions capital-raising alternatives, but they are trying to understand the NCUA's complex proposal before filing comment letters against it. ... Read full article
On Sept. 30, 2016. Dollars in thousands. ... Read full article
On Sept. 30, 2016. Dollars in thousands. ... Read full article
On Sept. 30, 2016. Dollars in thousands. ... Read full article
The banking industry casts aspersions on credit unions while overlooking their unique challenges and contributions to the broader economy. ... Read full article
