Generation Xers have become gravely sandwiched between providing financial support for their elderly Baby Boomer (Boomers) parents and their adult children who aren’t fully independent yet. With limited retirement income options for Boomers to...
Yesterday, the CFPB released two items of interest to credit unions. Most importantly, the CFPB has decided to evaluate Overdraft Protection. That regulation, which caps the fees that a financial institution can impose on ODP programs, was written...
This week, the House will consider H.R. 2578, the National Flood Insurance Program Extension Act of 2019. This legislation would extend the authority of the flood insurance program from May 31 to Sept. 30. The House will also consider H.R. 5, the...
In a recent press release, the Bureau issued a proposed rule to amend Regulation F, 12 CFR part 1006, which implements the Fair Debt Collection Practices Act (FDCPA). The proposal would provide consumers with clear protections against harassment by...
Credit union organizations can now apply for a Biz Kid$ Business Plan Competition Grant from the National Credit Union Foundation (the Foundation) to help improve youth financial education through hands-on entrepreneurial experience. The Foundation...
Florida’s Chief Financial Officer Jimmy Patronis has placed Ron Rubin, Commissioner of the Office of Financial Regulation (OFR) on administrative leave pending an investigation after a female employee filed a sexual harassment claim. “Due to these...
The Small Asset Size CU Conference in Hollywood, FL, is planned for May 21 with knowledgeable speakers to provide insight for your credit union. Click here to check out the agenda and sign up while there is still time. Content is designed for credit...
As many of you are aware, this year marks the 10th anniversary of the creation of the League of Southeastern Credit Union & Affiliates. With the proposed consolidation of the Georgia Credit Union Affiliates into the LSCU & Affiliates, we...
Calhoun Liberty donates bleachers to Sam Atkin’s Park after Hurricane Michael When the eye of Hurricane Michael passed over Calhoun County, FL, the bleachers at Sam Atkin’s Park were destroyed. Knowing the importance of the park to residents...
On May 7, the Senate Banking Committee and House Subcommittee on Consumer Protection and Commerce held hearings on privacy rights and data collection in the digital economy. Credit Union National Association (CUNA) sent a letter for the record...