Advocacy Works

Jan 6, 2021

CFPB Taskforce Report Recommends CU Expansion to Underserved Areas

The five-member Taskforce on Federal Consumer Financial Law appointed by the Consumer Financial Protection Bureau (CFPB) Director Kathleen Kraninger, charged with examining ways to harmonize and…

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Jan 5, 2021

NJ Gov. Signs Legislation to Delay Unemployment Payroll Tax Increase

New Jersey Gov. Phil Murphy signed legislation (A4853) to delay an increase in businesses’ unemployment insurance (UI) contribution rate.  The legislation reduces the amount of an…

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Jan 4, 2021

A Year in Review: 2020 Provided New Opportunities to Serve Members, Reassess Advocacy Efforts

It is fair to say that most of us are excited to put 2020 behind us. Despite the trials and tribulations caused by the COVID-19…

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Dec 23, 2020

InfoSight Adds Sample Telecommuting Agreement

InfoSight has added a new Sample Telecommuting Agreement to the Remote Work – Telecommuting topic under the Employment channel. Also, a link has been added to CU PolicyPro’s Model…

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Dec 23, 2020

Nacha Issues New Rule on Enforcing Egregious Violations

Nacha announced a new rule that took effect January 1, 2021.  This rule will: Define an Egregious Violation as A willful or reckless action, and Involves at…

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Dec 22, 2020

CFPB Issues Final Rule on Consumer Disclosures Related to Debt Collection

The Consumer Financial Protection Bureau (CFPB) recently issued a final rule to implement Fair Debt Collection Practices Act (FDCPA) requirements regarding certain disclosures for consumers.  The rule requires debt…

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Dec 18, 2020

NCUA Board Approves Final Subordinated Debt Rule, Extends COVID-19 Relief

The National Credit Union Administration Board (Board) met in the first of a special 2-day meeting.  The following is a summary of the Thursday, Dec….

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Dec 18, 2020

NCUA Q3 2020 State Credit Union Data Report: Strong Asset, Share, Deposit Growth

Federally insured credit unions experienced double-digit asset and share-and-deposit growth over the year ending in the third quarter of 2020, according to the latest NCUA Quarterly…

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Dec 17, 2020

CrossState and Credit Union Leaders Join PA Department of Aging’s Financial Exploitation of Older Adults Task Force

The Pennsylvania Department of Aging (Aging) invited CrossState to serve on its Financial Exploitation of Older Adults Task Force. The task force will be comprised of state…

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Dec 17, 2020

NJ Gov, Legislative Leaders Reach Deal on Tax Incentives, $11.5 Billion to Stimulate Economic Growth

New Jersey Gov. Phil Murphy and legislative leaders have reached an agreement on a six-year, $11.5 billion business tax incentive program that breaks a prolonged stalemate…

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