Emily Claus

Grand Rapids

Editor and Journalist at CUSO Magazine

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Articles

Losing the Language Barrier: Credit Union of Texas Launches Todos Unidos

2 weeks ago | cusomag.com | Emily Claus

In the United States alone, there are over 41 million native Spanish speakers, making the US the second-largest Spanish-speaking country in the world. However, despite how abundant this group is, statistically, it is also one of the most underserved and underbanked populations, in no small part due to a lack of accessible financial institutions and products.
Lawsuit Filed Over NCUA Board Member Firings

2 weeks ago | cusomag.com | Emily Claus

A complaint for declaratory and injunctive relief has been filed on behalf of former NCUA Board Members Tanya Otsuka and Todd Harper. Harper and Otsuka, the two democrats on the board, were dismissed on April 15th by President Donald Trump years before their terms were set to expire and without a reason provided for the firings.
How TikTok Conquered Financial Literacy (And How You Can Too)

3 weeks ago | cusomag.com | Emily Claus

As we wade further into Financial Literacy Month, I want us to shift direction for a moment and look away from the “what” and “why” of the month to the “when” and “where.” In many articles over the years, we have covered the importance of financial education and what areas credit unions should focus on—where their members and community are struggling and how they can meet those needs through financial literacy and financial wellness support.
NCUA Argues One Board Member Constitutes a Quorum

3 weeks ago | cusomag.com | Emily Claus

Following the unexpected firings of NCUA Board Members Todd Harper and Tanya Otsuka last week by President Trump, the NCUA has released its first official statement on the issue, clarifying that it considers one board member to qualify as a quorum. Under the Federal Credit Union Act, the NCUA cannot conduct business without the majority of the board to form a quorum.
Trump Fires Democrat NCUA Board Members Todd Harper and Tanya Otsuka

4 weeks ago | cusomag.com | Emily Claus

Late Tuesday evening, President Trump fired two of the three NCUA board members—Democrats Todd Harper and Tanya Otsuka—years before their terms were set to expire, leaving Board Chair, Republican Kyle Hauptman, the sole remaining board member. Harper has served on the NCUA board for the last six years, originally appointed by President Trump in 2019 before being appointed as Board Chair by President Biden in 2021 and being reconfirmed for his second term in 2022.
House and Senate Both Pass Resolution to Nullify CFPB Overdraft Rule

1 month ago | cusomag.com | Emily Claus

On April 10th, the House passed a resolution to nullify the Consumer Financial Protection Bureau’s (CFPB) Overdraft Rule in a vote of 217-211. This decision comes just a few weeks after the Senate also passed the resolution, meaning that the nullification of the overdraft rule will be final upon the President’s approval and signature, which he is expected by all parties to give in the coming weeks.
Financial Literacy Month: Supporting Members in Uncertain Economic Times

1 month ago | cusomag.com | Emily Claus

While for many (myself included), it felt as though winter would never end, we have come through the other side and made it to April, and hopefully, by now, you all know what that means.
CDFI Fund Marked Safe From Cuts, Deemed Statutory

1 month ago | cusomag.com | Emily Claus

As Esteban Camargo reported last week, the Community Development Financial Institutions (CDFI) fund was left in limbo these last few weeks, following the Executive Order signed on March 14, aimed at further reducing the size of the federal government. The vague wording of the order cast doubt over what was considered statutory—and therefore, permissable—and what would need to be cut.
Key Takeaways from the 2025 Governmental Affairs Conference

2 months ago | cusomag.com | Emily Claus

As promised, we are back with more content from the 2025 Governmental Affairs Conference held last week in Washington D.C. The event, hosted by America’s Credit Unions, saw four jam-packed days filled with dozens of speakers, hundreds of meetings on Capitol Hill, and thousands of credit union advocates flocking to the nation’s capital.
New Bill Introduced to Raise Business Lending Cap

2 months ago | cusomag.com | Emily Claus

As we discussed at the Governmental Affairs Conference last week, a large priority for both America’s Credit Unions and many in Congress this year is to increase the small business lending cap for credit unions. Not even a week out from GAC, a new bill has been introduced to the House which aims to do just that. The Increasing Credit Union Lending for Business Growth Act (H.R. 1791) would double the amount credit unions are legally allowed to lend businesses, from $50,000 to $100,000.