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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.

  • Chopra: CFPB Wants to Change Nature of Regulations

    The CFPB is seeking to move away from highly complicated rules that have long been a staple of consumer financial regulation and toward simpler and clearer rules, said CFPB Director Rohit Chopra in a recent Bureau Blog article.
  • FFIEC Announces Availability of 2021 Data on Mortgage Lending

    The Federal Financial Institutions Examination Council (FFIEC) recently announced the availability of data on 2021 mortgage lending transactions reported under the Home Mortgage Disclosure Act by 4,338 U.S. financial institutions.
  • CFPB Studying Banks' OD Programs

    The CFPB has posted a Bureau Blog article, "Measuring the Impact of Financial Institution Overdraft Programs on Consumers," announcing that the Bureau has been piloting a supervision effort to collect key metrics from some supervised institutions regarding the consumer impact of their overdraft and non-sufficient fund practices.
  • Texas Credit Union Commission Meeting Results

    On June 10, the Texas Credit Union Commission met at the Texas Credit Union Department building in Austin. The following is a summary of the meeting.
  • U.S. House passes MBL/FOM bill

    Yesterday, the U.S. House passed H.R. 2543, the Expanding Financial Access for Underserved Communities Act, as part of a larger financial services bill.
  • Kolhoff to resign; Minge appointed chair of Credit Union Commission

    Texas Credit Union Department Commissioner John Kolhoff has announced his resignation, effective July 15, 2022. The Credit Union Commission will promptly begin a search for his replacement.
  • Question of the Week

    Question: Under Reg E, if a member is persuaded to initiate a transaction (on his/her own) that the member later learns to be fraudulent, is that considered and unauthorized transaction we would have to credit the member for? Answer: No. Regulation E and recent interpretations from the CFPB reaffirm that if a member initiates a transaction using that member’s own credentials, the transaction is not considered unauthorized.
  • Juneteenth - Freedom Day

    “Learn about the importance of Juneteenth (6/19), and how you can celebrate this weekend, HERE!”
  • Content Update: US Savings Bond Validation Tool

    A recent RISK Alert from CUNA Mutual Group discusses scams involving the redemption of U.S. Savings Bonds and includes information about validating bonds presented for cashing.
  • Request for Information Regarding Relationship Banking and Customer Service

    The Consumer Financial Protection Bureau is seeking comments from the public related to relationship banking and how consumers can assert the right to obtain timely responses to requests for information about their accounts from banks and credit unions with more than $10 billion in assets, as well as from their affiliates.

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