The Credit Union National Association (CUNA) this week backed the Consumer Financial Protection Bureau’s (CFPB) probe of Google, Apple, Facebook, Amazon, Square and PayPal’s payments policies, according to a Wednesday (Dec. 22) report from Financial Regulation News. Citing concerns over the possibility that tech companies...
Credit unions (CUs) aren’t law enforcement agencies by design. However, anti-money laundering (AML) regulations like the Bank Secrecy Act can force CUs into the uncomfortable position of acting as one, says Colleen Kelly, senior federal compliance for the Credit Union National Association. In the latest...
Communication and engagement with members is an essential part of any credit unions’ (CUs’) retention strategy. Recently, though, many CUs have turned to technology-driven solutions to help members more efficiently communicate their needs and feedback. However, their members are not the only ones with whom...
Prepaid cards have had a full year on the regulatory front, and the year isn’t over yet. Last week, the Credit Union National Association (CUNA) wrote the Consumer Finance Protection Bureau (CFPB) — the regulatory agency that authored the new prepaid card rules — asking for both a...
November 02, 2023
Two national credit union associations are merging to create a new advocacy group. Members of the Credit Union National Association (CUNA) and National Association of Federally-Insured Credit Unions (NAFCU) have voted to join forces to become America’s Credit Unions, the groups said in a news release provided to PYMNTS Thursday (Nov. 2). “This merger is a historic opportunity […]
December 22, 2021
The Credit Union National Association (CUNA) this week backed the Consumer Financial Protection Bureau’s (CFPB) probe of Google, Apple, Facebook, Amazon, Square and PayPal’s payments policies, according to a Wednesday...
