Regulatory & Compliance

Credit union leaders hope this move won’t give payday lenders “free rein to exploit” consumers.

If enacted, House Bill 187 would make it easier for CUs to expand into North Carolina’s economically distressed counties.

The next move is to the House for a vote on a companion bill, which is expected to pass.

Judges say automated alerts alone don’t prove liability; the ruling bolsters operational protocols across the financial sector.

Industry leaders see an influx of bills and proposals supported by credit unions.

Messaging about the positive impacts of the CDFI Fund are hopefully resonating with leaders in D.C.