InfoSight eNewsletter
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NCUA releases 2021 Credit Union Diversity Self-Assessment results
The National Credit Union Administration released the results of the 2021 Credit Union Diversity Self-Assessment (CUDSA). The NCUA administers the voluntary CUDSA as a tool to help federally insured credit unions assess, guide, and monitor their diversity, equity, and inclusion efforts and compare their progress with peer organizations.
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Happy 4th of July
From our family to yours, we wish a happy, fun-filled, and safe Fourth of July! Please note that the League InfoSight and CU Solutions Group offices will be closed on Monday, July 4, in observance of the holiday. -
New InfoSight Content
We are happy to announce that a new topic to assist credit unions, Safe Deposit Boxes, has been added to the Accounts Channel in InfoSight. -
CFPB Issues a Final Rule Amending Regulation V
The CFPB has issued a Final Rule amending Regulation V, which implements the Fair Credit Reporting Act, to address recent legislation that assists consumers who are victims of trafficking. -
Job Hunting? Look Out for Phony Job Postings
Scammers are using the names of well-known employers to post job openings that don’t exist. The purpose is to trick consumers into sending them personal information or money up front to get the job. -
CFPB Reviewing Credit Card Penalty Rules
The CFPB announced that it is taking the first step toward addressing credit card company penalty policies costing consumers $12 billion each year, starting by looking at excessive late fees. -
Identifying and Addressing the Financial Needs of Immigrants
The Consumer Financial Protection Bureau is working to identify and address the financial needs of immigrants and their families. -
Cornerstone League and Heartland Credit Union Association to Explore Merger
The Cornerstone League and Heartland Credit Union Association are exploring the possibility of a merger. Both league boards approved moving forward with the due diligence process, and a letter of intent has been signed by both organizations. -
Question of the Week
Question: How are soft credit pulls supposed to work? Answer: A “soft pull” or pre-screening request is when a creditor wishes to know if a certain category of consumers may meet the requirements for a certain credit product. -
Would you rather get picked last for dodgeball than have your policies audited?
With CU PolicyPro, credit unions have a comprehensive suite of features to create, maintain, and distribute policies. -
Consumers Demanding Faster Payments
FRBservices has reported U.S. consumers are seeking faster payments in more areas of their increasingly on-demand lives, with four out of five saying they are interested in faster options to pay businesses, according to a survey released recently by the Federal Reserve Banks.
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