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CFPB Targets Credit Card Late Fees

On March 5th, the Consumer Financial Protection Bureau issued its final rule on credit card late fees. The rule amends Regulation Z by significantly reducing the safe harbor that credit card issuers can charge for credit card late payments to $8. The rule applies to...

Laddering | The Simple Yet Effective Investment Strategy

By: Aim CU Solutions & Millennium Corporate Credit Union We all know the saying, “Keep it simple.” It applies to many things including your investment portfolio. The simple approach to investing is Laddering. A Ladder investment strategy involves...

Zelle Phishing Scams: Protect Your Credit Union and Members

We’ve recently uncovered a concerning trend in the realm of online security: a sophisticated phishing kit designed to exploit credit union members through Zelle transactions. Zelle, a widely trusted platform, has become the latest target for cyber-criminals aiming to...

NCUA Announces Supervisory Priorities for 2024

On January 23, the Chairman of the National Credit Union Administration (NCUA) released a letter outlining its supervisory priorities for the new year. While the organization acknowledged that the credit union system had remained largely stable during 2023, it...

League Board Continues to Receive Nominations

Nominations are now being accepted for three director positions on the League’s Board of Directors. The 2024 seats up for election include: Asset Category C: (Credit Unions less than $40 million in assets) Geographic District 1 Geographic District 3 The deadline for...