News Topic: CUNA

Bankers have long opposed the idea of the U.S. Postal Service taking deposits and making loans directly, but some in the industry are open to the idea of letting banks and credit unions offer services at post offices. ... Read full article

If Congress wants to provide better access to banking services for low-income and rural Americans, they would be wise to consider financial services partners that operate as a not-for-profit model. ... Read full article

The account would complement the existing Community Development Financial Institutions Fund and could be replenished annually if banks and credit unions use the funds to help when natural disasters and other crises occur. ... Read full article

Jim Nussle, CEO of the Credit Union National Association, recently argued that Congress should do away entirely with FOM requirements. Such a move would further favor credit unions over banks. ... Read full article

The central bank said customers will be able to make more transfers and withdrawals "at a time when financial events associated with the coronavirus pandemic have made such access more urgent." ... Read full article

Legislation announced Wednesday would allow credit unions to make coronavirus relief loans to businesses without fear of bumping up against the member business lending cap. ... Read full article

The regulator formally announced the 60-day delay on Monday after tweeting about it over the weekend. ... Read full article

The banking group issued lawmakers a guide on questions to ask when credit union executives visit Capitol Hill this week. ... Read full article

The debate centers on whether guidance on credit union-bank mergers is necessary. ... Read full article

The community bank lobby has said the recent deals are another reason to rein in the credit union sector. Some House members are beginning to take notice. ... Read full article

An appeals court on Thursday denied bank groups an en banc hearing from all 11 appellate judges, but bankers said Friday that they're considering turning to the Supreme Court. ... Read full article

House and Senate lawmakers have denied a push by banking groups to grant banks the rent-free access to military installations that credit unions have. ... Read full article

The group's Wake Up initiative will include legislative and regulatory proposals, along with added resources to help members push for a level playing field. ... Read full article

The court passed up a recent opportunity to clarify confusion about Americans with Disabilities Act requirements for business websites, raising concerns among bankers that they could become an even more inviting litigation target. ... Read full article

A panel of federal appeals court judges reversed a district court’s decision on the NCUA’s controversial field-of-membership rule, but saw merit in bankers’ claims of potential redlining. ... Read full article

The industry continues to push for an overhaul of the bureau’s leadership structure, but both parties seem uninterested. ... Read full article

Chris Lorence, a former marketing official at the Independent Community Bankers of America, is the Credit Union National Association's latest recruit from other financial services trade groups in recent years. ... Read full article

Elder abuse costs banks $1 billion in deposits a year, according to AARP. It has launched a video-game-style online training program that teaches bank employees what to be alert for. ... Read full article