PYMNTS

FEBRUARY 22, 2018

Credit unions took a stand against state bank associations this week over the credit union exemption from federal taxes. “We The response came after 52 state bankers’ associations sent their own letter to Hatch, encouraging him to continue his tough stance on the credit union federal tax exempt status.

Credit Union 40

Credit Union NCUA Non-Bank Adjustments 40

PYMNTS

SEPTEMBER 28, 2020

Credit unions (CUs) have played a major role in supporting consumers who have been financially hit the hardest by the pandemic. They also extended 20,789 mortgage payments and 539,724 consumer loans, including car and credit card loans.

Credit Union 60

Credit Union NCUA Small Business Innovation 60

PYMNTS

FEBRUARY 15, 2019

To that end, phishing attacks, more commonly known as business email compromises (BECs), have been aimed at Bank Secrecy Act (BSA) officials at credit unions. Krebs on Security noted that the emails sent to officials at the United States credit unions looked like they were being sent by other BSA officials.

BSA 49

BSA Credit Union Business Email Compromise Office of the Comptroller of the Currency 49

Finextra

DECEMBER 4, 2024

The Board of Governors of the Federal Reserve System (FRB), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Financial Crimes Enforcement Network (FinCEN), National Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), and state financial regulators issued a joint statement this (..)

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency FRB NCUA 52

PYMNTS

FEBRUARY 8, 2019

In a reported phishing campaign that began last month, Bank Secrecy Act (BSA) officials at credit unions in the U.S. And, according to the report, “multiple sources” claim that FIs beyond credit unions have received such emails. FinCEN, NCUA, the Federal Reserve Board, the Federal Deposit Insurance Corp.

BSA 53

BSA Phishing NCUA Credit Union 53

PYMNTS

MAY 8, 2019

Credit union (CU) and bank trade groups are locked in another battle, this time arguing about oversight by the Consumer Financial Protection Bureau (CFPB). With that in mind, the two bank groups believe the NCUA cannot adequately supervise these large credit unions, due to reports from the agency’s own inspector general and the U.S.

CFPB 43

CFPB Consumer Financial Protection Bureau (CFPB) NCUA Credit Union 43

PYMNTS

SEPTEMBER 21, 2020

Separately, last month, five federal regulatory agencies – including the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the Financial Crimes Enforcement Network (FinCEN), the National Credit Union Administration (NCUA) and the Office of the Comptroller of the Currency (OCC) – issued a joint statement designed to address questions (..)

Fincen 139

Fincen AML Suspicious Activity Report (SAR) Financial Crimes 139

PYMNTS

MARCH 20, 2018

Collaboration has seemingly become the new name of the game in the credit union landscape. In the pages of the latest Credit Union Tracker , PYMNTS explores the latest joint efforts and partnerships from around the industry. Around the Credit Union World . Bipartisanship in politics is rare these days.

Credit Union 44

Credit Union NCUA Community Banks P2P 44

PYMNTS

JANUARY 19, 2018

The early bird catches the worm — and credit unions (CUs) are no exception. Recently passed legislation and bills still in the works could rewrite major aspects of the credit union world, and CUs have now taken to Congress to ensure their voices are heard. Around the Credit Union Landscape. Nevada Sen.

Credit Union 40

Credit Union NCUA Data Breach Breach 40

Global Fintech & Digital Assets

JANUARY 12, 2024

Endnotes [1] The FFIEC members are the Board of Governors of the Federal Reserve System (FRB), the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the Consumer Financial Protection Bureau (CFPB), the National Credit Union Administration (NCUA), and the State Liaison Committee. [2]

FFIEC 52

FFIEC Process FRB Consumer Financial Protection Bureau (CFPB) 52

PYMNTS

OCTOBER 11, 2017

Banks and credit unions should be looking for ways to serve these customers, who are always better served when there is competition in the marketplace; but that doesn’t mean they should get special exemptions or carve-outs. The CFPB final payday lending rule is an important step, Horowitz said, but there are many more steps to come.

Rules 43

Rules CFPB NCUA Credit Union 43

Innovative Payments Association

FEBRUARY 24, 2025

As evidence of this, Rodney Hood, the former chairman of the National Credit Union Administration Board (NCUA) , was appointed to be the acting comptroller on Feb. But that did not lead to him being nominated for the comptroller position. Jonathan McKernan, the CFPB nominee, was nominated to head the CFPB on Feb.

Consumer Financial Protection Bureau (CFPB) 40

Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency FDIC CFPB 40

PYMNTS

AUGUST 3, 2020

banks and credit unions (CUs) have signed on to offer checking and savings accounts through Google Pay. Bank customers will benefit from useful insights and budgeting tools while keeping their money in an FDIC- or NCUA-insured account.”. Six additional U.S.

Accounts 95

Accounts Credit Union NCUA Community Banks 95

PYMNTS

JUNE 21, 2019

Approximately 60 percent of credit unions — 92.7 percent of all CU members — currently offer some sort of credit card. Credit unions held $61.5 billion in credit card debt as of March 2019, according to the U.S. percent of credit card debt held by banks. The Appeal of CU-Issued Credit Cards.

Credit Cards 40

Credit Cards Credit Union Caps Laws 40

The Fintech Times

NOVEMBER 4, 2024

US government agency, the Consumer Financial Protection Bureau (CFPB) has fined Florida-headquartered VyStar Credit Union $1.5million for failing to protect consumers during its ‘botched’ rollout of a new online banking system. “VyStar’s careless errors inflicted financial harm on their credit union members.”

Credit Union 59

Credit Union CFPB Consumer Financial Protection Bureau (CFPB) NCUA 59

Bank Automation

APRIL 16, 2025

President Donald Trump ousted two Democratic members of the National Credit Union Administration Board, adding to a spate of recent firings as he continues to assert more control over independent agencies.

NCUA 52

NCUA Federal Trade Commission Credit Union Automation 52

The Payments Association

JANUARY 31, 2025

the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), or the National Credit Union Administration (NCUA)) are not included in the Working Group, especially given the allegations of an ‘Operation Choke Point 2.0.,’

Stablecoins 88

Stablecoins Office of the Comptroller of the Currency Treasury Regulations 88