The process took 23 months. The appeal required multiple in-person meetings. And oral hearings. The credit union engaged an attorney. The most senior regional and professional staff at NCUA opposed ...
The American population is becoming increasingly multiracial. According to the 2020 Census, the White population decreased by 8.6% between 2010 and 2020.[1] And the Multiracial population—those citing ...
This post is meant to serve as a primer to better understand the differences between Underserved Areas, LIDs and CDFI Certification. While superficially similar, they each play a role in ...
The Consumer Financial Protection Bureau’s (CFPB) debt collection rule issued in 2020, which amended Regulation F, is now in effect. The NAFCU compliance team has blogged about it a ...
Desert Financial Credit Union ($7.8B, Phoenix, AZ) knows how to make a good impression. So good, in fact, that the cooperative won a “best local financial institution” award for ...
Credit unions need to comment on a sweeping proposal that would require financial institutions to collect and report data on the credit applications of small businesses to CFPB. CUNA issued ...
NAFCU Regulatory Affairs Counsel James Akin wrote to the NCUA Friday regarding proposed changes to the agency’s Call Report. In the letter, Akin highlighted that the changes proposed are ...
It has been nearly two years since the beginning of the COVID-19 pandemic. While concerns about new variants continue to make the news, American society seems to have progressed to ...
