In a rare failure for the credit union industry, federal regulators shut down Unilever Federal Credit Union of New Jersey on April 30 after deeming the small institution insolvent. The
Credit Union News
A new Consumer Financial Protection Bureau (CFPB) rule aimed at helping millions of Americans with medical debt has been derailed in court – with credit union industry groups playing a
An out-of-service ATM. A major ATM service provider’s abrupt collapse left many credit union ATMs offline, cutting off members’ access to cash. Dozens of credit unions and their members were
Industry Lawsuit and New Leadership Prompt Rule’s Demise The drama over credit card late fees took a new turn in 2025. A federal judge threw out the CFPB’s $8 late
22 Bank Acquisitions in 2024 Expand Footprints but Hurdles Grow In 2024, credit unions didn’t just merge with each other – they went on an unprecedented buying spree of community
Policy Shift Removes Interpretations on Medical, Time-Barred Debt and More In spring 2025, the CFPB took the unusual step of withdrawing 67 guidance documents , part of a house-cleaning under
Industry Shake-Up as Many Small CU’s Merge for Survival or Scale The credit union landscape is rapidly changing, and 2024 was a banner year for mergers. The NCUA approved 162
January 2025 Freeze Order Stalls Pending Rules – “Junk Fee” Drive Stalls The inauguration of President Trump in January 2025 brought an immediate shift in regulatory momentum. On Day 1, the
New Rule (Now on Hold) Would Remove $49 B in Medical Debts from Reports In January 2025, the CFPB finalized a sweeping rule to block medical debt from consumer credit reports
Record $3.2 B in Synthetic Fraud Losses Hits Lenders, Autos Hardest A troubling trend for creditors became starkly clear in late 2024 and into 2025: synthetic identity fraud – where fraudsters