Twenty-two trade groups, including seven financial trade groups, sent a letter to House lawmakers calling for new data security standards that would preempt state law.
Seven trade associations — including those representing banks and credit unions — sent a joint letter to Congress outlining data security standards for entities that handle financial data.
Why are credit unions lending their name to this fight when the vast majority of them do not use forced arbitration and have not been caught up in Wall Street’s excesses?
The brief supporting field of membership expansion – in the face of a lawsuit by the American Bankers Association – is a sign of continued collaboration between CUNA and NAFCU.
Credit unions continue to press the Consumer Financial Protection Bureau for regulatory relief, arguing that existing exemptions have not gone far enough.
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.
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.
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.
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.
The National Credit Union Administration and credit union trade groups cheered a judge's decision to dismiss a lawsuit against the agency's member business lending rule, but ICBA is still mulling the possibility of an appeal.
