News Archives

Compliance: Data points covered by S. 2155 HMDA exemption

The Bureau of Consumer Financial Protection issued a final rule at the end of August clarifying what changes in the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) mean for credit unions in [...]

This week: More than 300 CU advocates take Capitol Hill with NAFCU

This week: More than 300 CU advocates take Capitol Hill with NAFCU

NAFCU's award-winning advocacy will be front and center in Washington this week as more than 300 credit union leaders and advocates fly-in for the association's Congressional Caucus. In addition to hosting Caucus sessions and Hill [...]

4 Gen X retirement mistakes

4 Gen X retirement mistakes

Fifteen million GenXers have hit the big 5-0, but most of them aren’t prepared for retirement. In fact, according to a Personal Capital study, 34% of Gen Xers said they haven’t saved anything [...]

Is Zelle on track to dominate the P2P market?

Is Zelle on track to dominate the P2P market?

P2P payments are no longer an everyday essential reserved just for millennials. There has been immense growth in the P2P marketplace in terms of the volume transferred, as well as the number of users on [...]

Escrow Balances: Handling surpluses and deficiencies

Escrow Balances: Handling surpluses and deficiencies

Each year, RESPA requires mortgage servicers to conduct an escrow account analysis to determine whether a surplus or deficiency exists. If one exists, the rule provides requirements for how the funds are to be returned [...]

Taking a stand: The power of courageous leadership

Taking a stand: The power of courageous leadership

There are times that require bold, courageous leadership. It is in these times when you need to stop saying "enough" and act on it – even if you don't have all the answers. "Demonstrating leadership courage – [...]

Arguments in appellate-level ADA case against CU start Oct. 30

Arguments in appellate-level ADA case against CU start Oct. 30

The Fourth Circuit of Appeals will hear arguments Oct. 30 in an appeal by Department of Labor (DOL) FCU in a frivolous lawsuit alleging website noncompliance with the Americans with Disabilities Act (ADA). The lawsuit [...]

CUs see secondary mortgage market protections in new housing plan

CUs see secondary mortgage market protections in new housing plan

A new housing finance reform discussion draft – unveiled Thursday by House Financial Services Committee Chairman Jeb Hensarling, R-Texas, and Rep. John Delaney, D-Md. – would preserve a NAFCU-sought government guarantee to the secondary mortgage market and [...]