July 13 2025

New Bill Would Increase Minimum Asset Level for CU Supervision

Reactions have been mixed to a new bill  that would increase the minimum asset level that triggers direct CFPB supervision over credit unions with assets from $10 billion to $50 billion. The outspoken CEO of the $28 billion State Employees Credit Union, Jim Blaine, prefers being under CFPB versus NCUA. Bill Cheney, former CUNA CEO and now CEO of the $10 billion SchoolsFirst FCU supports the bill, but noted the change would leave only Navy Federal Credit Union under CFPB supervision. Cheney recommends that direct supervision by the CFPB be eliminated for all credit unions. [8/1/14]

Risk Watch Plus Webinar 8: Complaint Management

Complaints: Why you shouldn’t shun them, but invite them! In this era of exploding complaint volume, this certificated webinar (see instructions in video for how to get your free certificate of completion) takes a look at the risks, evolution, and need for a management strategy to effectively deal with complaints. Before that, we cover what’s hot in compliance, as seen by the editors of Risk InboX. This week’s hot items: 1) HUD cancels Obama era Fair Housing rule; 2) “HMDA” for boards and management; and 3) CFPB has added a new dimension to its complaint database. Click here to watch now.

What is the AffirmX Platform?

Video What makes the patented AffirmX Risk Intel Platform different than anything else out there? Take the next 3 minutes to see what this revolutionary tool can do for your financial institution. Watch Video

About Risk InboX

Each day, teams of subject matter experts and analysts at AffirmX and AdvisX comb through dozens of resources to keep tabs on the latest developments in areas of risk. We share our findings here, along with a brief note about why each item matters.

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