Michael Ogden

Austin

Editor-in-Chief at Credit Union Times

Host at Shared Accounts with CU Times

Just here to follow news, reporters, comedians and musicans. Cleaned out the account. Stopped posting in 2020. Why? B/C it's a healthier existence.

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Articles

NCUA Says Single Board Member Can Perform 'All Operational and Statutory Requirements'

6 days ago | cutimes.com | Michael Ogden

Statement comes from the NCUA as Chairman Hauptman has yet to speak on the firings and changes at the agency. NCUA headquarters. Credit/NCUA The statement released Friday afternoon did not come from Chairman Kyle Hauptman, who has yet to address the firings of Harper and Otsuka. Since Wednesday’s firings, questions have swirled around the credit union industry about the future of the NCUA and what may come next for the agency.
Nussle Addresses NCUA Upheaval

1 week ago | cutimes.com | Michael Ogden

A day after NCUA Board members Todd Harper and Tanya Otsuka were fired from their positions by President Donald Trump, very few questions have been answered concerning the status of the agency. And its lone leader, Chairman Kyle Hauptman, has remained silent. In light of all of the questions swirling around the industry, America’s Credit Unions President/CEO Jim Nussle organized a press call late Thursday afternoon to answer what he could about the NCUA.
NCUA Turmoil Reignites Debate Over Single Financial Regulator Structure

1 week ago | cutimes.com | Michael Ogden

A years-old report from Filene Research Institute warns a single financial regulator could risk diluting the specialized oversight credit unions get from the NCUA. Lobby of the NCUA.
Trump Fires Two NCUA Board Members, Prompting Outcry Over Regulatory Independence

1 week ago | cutimes.com | Michael Ogden

Two members of the NCUA Board have issued strong public statements after being abruptly removed from their posts by President Donald Trump, raising concerns about the independence of the nation’s credit union regulator. Former Board Member Todd Harper called his firing “wrong” and “politically motivated,” warning it could undermine public trust in the financial system.
Juniper Payments Launches AI Fraud Engine to Boost Instant Payments for Credit Unions

1 week ago | cutimes.com | Michael Ogden

Juniper Payments, a Velera company, has launched an embedded artificial intelligence (AI)-powered fraud prevention engine within its Payments Hub platform, aiming to support the broader adoption of instant payments among credit unions and other financial institutions.
Trump Removes NCUA Board Member Tanya Otsuka

1 week ago | cutimes.com | Michael Ogden

NCUA official seal. Credit/NCUA NCUA Board Member Tanya Otsuka issued a statement Wednesday condemning her abrupt removal from the National Credit Union Administration, calling it a politically motivated decision that threatens the agency’s independence and stability. “President Trump informed me by email that my ‘position on the National Credit Union Administration is terminated, effective immediately,’” Otsuka said.
Todd Harper Fired From NCUA Board by the White House

1 week ago | cutimes.com | Michael Ogden

NCUA Boardroom. Credit/NCUA NCUA Board Member Todd Harper announced Wednesday morning that he was fired by the White House and he issued a strongly worded statement following his removal from the NCUA Board, calling the decision “wrong” and a threat to the agency’s independence. “The decision of the White House to fire me before the completion of my term is wrong,” Harper said.
Adventure Credit Union Goes Live with MDT Following Astera Merger

1 week ago | cutimes.com | Michael Ogden

The core processing upgrade comes as the CU is now an owner of the CUSO. Credit: stock.adobe.com Adventure Credit Union has officially gone live on Member Driven Technologies’ (MDT) core processing platform, a move that supports the credit union’s growth following its merger with Astera Credit Union earlier this year.
CFPB Backs Away From $8 Credit Card Late Fee Cap Amid Legal Pressure

1 week ago | cutimes.com | Michael Ogden

The move to vacate the lawsuit calls into question the future of regulatory rulemaking. Consumer Financial Protection Bureau headquarters in Washington, D.C. Credit: Adobe Stock The CFPB and the U.S. Chamber of Commerce moved this week to officially vacate the CFPB’s March 2024 rule capping credit card late fees at $8, drawing sharp criticism from consumer advocates and raising concerns within the financial industry about fairness and regulatory consistency.
Velera Unveils New Tiered Fraud Service Model for Credit Unions

1 week ago | cutimes.com | Michael Ogden

Velera has announced a revamped Risk Mitigation Service Model tailored to meet the diverse needs of credit unions in combating increasingly sophisticated fraud threats. The new tiered model, referred to as Essential, Premier, and Enhanced Risk Mitigation Services, was introduced during the organization’s VeleraLIVE event in Denver on Tuesday.