Research shows checking account fees count for the majority of income for credit unions.
Proposed and potential rules from the NCUA, CFPB and others are front and center in credit union strategic planning.
The $29.5B cooperative opts to reward members through lower fees and fee forgiveness.
At the CFPB, a checking account is a right, not a privilege.
CUNA Mutual, the NCUA and trades respond to the CFPB's announcement it will review checking account screening procedures.
Corporate America signs with CUSO Advanced Fraud Solutions.
As if credit unions didn't have enough regulatory burden already, the CFPB threw another iron into the fire when it hosted an Oct. 8 forum on checking account accessibility.
The CFPB will review how credit unions use reporting agencies to screen members when they open a checking account.
WASHINGTON – Director Richard Cordray criticizes credit unions for turning down members with Chex Systems records.
It's short-sighted for credit unions to dismiss new competition from two giants with loyal customers.