WOCCU Unveils Social Media Platform Designed Specifically for CUs

The World Council of Credit Unions has launched a social media app aimed at bringing together the global credit union community, but questions remain about whether or not it will catch on.

Corporate Recovery Litigation Has Cost More Than $1B: NCUA

Legal fees for lawsuits against the banks and securities firms that sold the faulty mortgage-backed securities that led to the corporate credit union meltdown have eaten up more than 20% of total recoveries.  more »

CFPB Ruling May Shake Up Interagency Dynamics

A federal appeals court’s decision that declared the Consumer Financial Protection Bureau an arm of the White House relies on a novel interpretation of the constitution’s separation of powers clause that could have broader effects on how other regulators like the OCC and FHFA interact.  more »
FinTech Forward
How Diverse is Your CU?
This video from NCUA introduces the regulator's new diversity self-assessment checklist to help credit unions can improve their diversity efforts. The assessment has no bearing on an institution's CAMEL rating and is not part of the exam process.