ADRIAN, Mich.–TLC Community Credit Union has named a new president and CEO, effective March 4, 2023.
Fresh Today
NEW YORK–United Nations FCU and Organization of American States FCU co-hosted the 5th United in Sustainability (UIS) Summit here, a hybrid event that drew more than 300 credit union representatives from across the Americas to discuss support for the UN Sustainable Development Goals (SDGs), as well as comments from an NCUA board member.
WASHINGTON—Financial institutions can expect more lenient terms if they proactively report possible employee crimes to the government instead of waiting to be discovered, according to a statement from a Justice Department official.
NEW YORK—As consumers lean more on credit cards to fight inflation, delinquencies and charge-offs are rising.
Small Biz Owners Slightly More Optimistic, But Continue to Say You-Know-What Remains Biggest Problem
WASHINGTON—A third of small business owners say inflation remains the single most important problem in operating their business, although their concern over rising costs in the National Federation of Independent Business survey is actually five points lower than what the same survey found in July, which was its highest reading since the fourth quarter of 1979.
DUBLIN, Ireland–Ireland’s government is considering a bill that seeks to help grow credit union lending in the country by permitting a wider range of offerings, including corporate CUs. It also includes provisions related to credit union boards.
WASHINGTON–The Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) have published updated loan-level data for public use collected through the National Survey of Mortgage Originations (NSMO).
NEW YORK—Mastercard has lost a bid to narrow the size of the U.K.’s largest-ever class action claim over its payment fees after appeal judges rejected its attempt to exclude some three million people who died since the claim was first filed, Bloomberg reported.
GRAND BLANC, Mich.–Dort Financial Credit Union said it has entered into an agreement with Flagler Bancshares Corp. to acquire West Palm Beach, Fla.-based Flagler Bank.
PLANO, Texas–Young adults are starting to default on auto loans at an “alarming rate,” according to one economist, who is pointing to data collected by TransUnion.