WASHINGTON— The Consumer Financial Protection Bureau (CFPB) said it is ordering Wells Fargo Bank to pay more than $2 billion in redress to consumers and a $1.7 billion civil penalty for legal violations across several of its largest product lines.
Fresh Today
ALEXANDRIA, Va.–Loan growth was the strongest in two decades among federally insured credit unions in the year ending Sept. 30, according to the latest NCUA Quarterly U.S. Map Review, which also reveals how CUs are performing by state.
WASHINGTON–Credit unions and just about every other interest group in Washington are now left to watch the one last major piece of legislation before Congress for any sign their priorities—or the proposals they oppose—are included.
TROY, Mich. — Bank customers under age 40—particularly those who have the highest levels of education, highest income growth potential and are “arguably the most desirable customer segment in the banking industry”—are leading a trend toward waning customer satisfaction with the nation’s largest banks, according to the J.D. Power 2022 U.S. National Banking Satisfaction Study.
WASHINGTON–Two coalitions of state attorneys general are requesting the Supreme Court review the constitutionality of the CFPB's funding structure, but for “vastly different reasons.”
WASHINGTON–The Financial Services Oversight Council (FSOC), of which NCUA is a member, has released six recommendations in its annual report, including what it wants to see related to non-banks and oversight of what it called the “crypto-asset ecosystem.”
ALEXANDRIA, Va.—Even though NCUA’s long requested authority to oversee third-party vendors has not been included in the National Defense Authorization Act (NDAA) passed by both the House and Senate, the agency’s chairman is praising the Treasury Secretary for continuing to support the authority.
FITCHBURG, Mass.– IC Credit Union has selected more than 50 charities and non-profits for funds from its Great Holiday Giveback program.
Two CU CEOs Challenge Peers to Match Their Support of Worldwide Foundation’s Bridge the Gap Campaign
MADISON, Wis—As the season of giving comes to an end, the CEOs of two credit unions are challenging their peers to support the Worldwide Foundation for Credit Unions’ Bridge the Gap campaign
WASHINGTON–CUNA has named Robert Lewis as its new executive vice president and chief advocacy officer. Lewis, who will lead CUNA’s advocacy efforts on Capitol Hill, succeeds Ryan Donovan, who exited CUNA earlier this year to take over as CEO of the Council of Federal Home Loan Banks.