EUGENE, Ore., Oregon Community CU, its team members and the OCCU Foundation partnered to support the community during the holiday season.
Fresh Today
| LONG BEACH, Calif.–LBS Financial Credit Union employees donated hundreds of toys and gift cards to local non-profit, Love Beyond Limits, as part of its annual holiday breakfast. |
WARNER ROBINS, Ga.–Credit unions across the country continue to announce special year-end dividends and loan interest rebates.
WASHINGTON— There is certain level of APR that is the “dividing line between whether borrowers have a decent chance of repaying,” according to a new report from the Consumer Federation of America and Woodstock Institute.
WASHINGTON–Household financial health is declining after several years of increased savings, including decreased ability to repay debts, according to a new report from the Consumer Financial Protection Bureau.
WASHINGTON—Following an upward revision to third quarter 2022 real gross domestic product (GDP) and stronger-than-expected incoming personal consumption data to begin the fourth quarter, the economy is now expected to eke out positive growth of 0.4% in 2022 before entering a modest recession in the new year, according to the December 2022 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.
WASHINGTON—Credit unions and other financial institutions need a reasonable transition period to comply with “sudden changes” in the 2020 Home Mortgage Disclosure Act (HMDA) final rule, CUNA, NAFCU and the American Bankers Association wrote to Federal Financial Institution Examination Council (FFIEC) member agencies.
WASHINGTON—NAFCU and CUNA have joined with other trade groups in sharing concerns with the CFPB over its probe into the auto lending market.
WASHINGTON—The credit union trade groups have joined several other trade organizations in expressing support for a Federal Trade Commission proposal to prohibit the impersonations—or providing the means to impersonate—government and businesses.
WASHINGTON—NAFCU, along with several other organizations, has filed an amicus brief with the U.S. Supreme Court it to review a recent decision from the U.S. Court of Appeals for the First Circuit and to consider whether the Fair Credit Reporting Act (FCRA) preempts the state of Maine’s credit reporting laws.