Regulatory & Compliance

CUs must securely onboard members remotely while securely safeguarding themselves from identity fraud and money laundering.

After a year of pandemic-related rollbacks, the agency expects financial institutions to begin following the letter of the CFPB's rules.

"Do not be fooled, ICBA wants you to tax credit unions to eliminate a major source of competition."

In part, the proposed rule would allow CUSOs to originate any type of loan that a FCU may originate.

While NCUA Chairman Todd Harper opposes the rule, credit unions and many groups chime in with overall positive comments.

The head of the ICBA argues credit unions' acquisitions of community banks "puts small business lending experts at risk."