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May

26
2023
Industry News

PenFed Credit Union Dedicates Concourse C Connector at Washington Dulles International Airport to Fallen Military Heroes for Memorial Day Weekend

TYSONS, Va., May 26, 2023 /PRNewswire/ -- PenFed Credit Union, the nation's second largest federal credit union, will dedicate the PenFed Tunnel in the Concourse C Connector at Washington Dulles International Airport (IAD) to our nation's military heroes who made the ultimate sacrifice during Memorial Day weekend.

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May

26
2023
Industry News

Board Approves Proposed Rule Adding “Veterans Organizations” to the Definition of a Qualified Charity

ALEXANDRIA, Va. (May 25, 2023) – The National Credit Union Administration Board held its fifth open meeting of 2023 and approved a proposed rule that would amend the charitable donation accounts section of the NCUA’s incidental powers regulation. In addition, the NCUA’s Chief Financial Officer briefed the Board on the performance of the National Credit Union Share Insurance Fund during the first quarter of 2023.

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May

25
2023
Industry News

Regulatory Recap: CFPB Opposes Stay of CashCall Loan Case Until Supreme Court Issues Decision on Bureau’s Funding Structure

Consumer Financial Protection Bureau Director Rohit Chopra is expected to testify on the bureau’s semiannual report to Congress in the coming weeks. ACA International will provide updates on the director’s testimony, in the meantime, here are a few of the bureau’s actions you should know about this week.

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May

25
2023
Industry News

Biden nominates telecom attorney Anna Gomez to FCC after more than two years of deadlock

President Joe Biden nominated telecom attorney Anna Gomez to the Federal Communications Commission, his second attempt to fill an empty seat on the typically five-member panel that has left the agency in a 2-2 deadlock for his entire presidency thus far.

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May

25
2023
Industry News

US debt collector breach exposed 1M+ people

NCB has started sending breach notification letters to affected users about a data breach that exposed nearly 1.1 million people. The US company claims that attackers penetrated its systems on February 1st. It took NCB three days to notice that the company’s systems were breached.

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