WASHINGTON–The Consumer Financial Protection Bureau (CFPB) has proposed a rule to establish a public registry of supervised nonbanks’ terms and conditions in what it called “take it or leave it” form contracts that claim to waive or limit consumer rights and protections, like bankruptcy rights, liability amounts, or complaint rights.
SAN FRANCISCO–A cryptocurrency trading platform and a brand-name investment bank have both announced layoffs.
WASHINGTON—Saying it is responding to “inaccurate and misleading comments” from an environmental group regarding the Environmental Protection Agency’s (EPA) ability to distribute money from the Greenhouse Gas Reduction (GHGR) Fund to credit unions, NAFCU has sent the agency a “legal analysis” that seeks to counter those claims.
ARLINGTON, Va.—Total consumer credit rose 7.1% at a seasonally adjusted, annualized rate during November and is up 7.9% compared to a year ago, NAFCU reported, citing Federal Reserve data.
LAWRENCEVILLE, Ga.—As new car supply chain issues continue to improve, used car prices continue to fall.
MADISON, Wis.–Wisconsin Department of Financial Institutions (DFI) Secretary-designee Cheryll Olson-Collins has named Thomas E. Theune, a 39-year veteran of the credit union community, to lead the Office of Credit Unions as its director.
MADISON, Wis.–The Filene Research Institute will host a webinar today on the future of physical and virtual workplaces.
FRANKFURT, Germany—The European Central Bank (ECB) has announced it will finalize design of a digital euro in the second half of this year as it publishes its second progress report on the project.
NEW DELHI, India—The governor of the Reserve Bank of India is warning that a major financial crisis could occur if digital assets are allowed to continue to grow.
WASHINGTON–The Fannie Mae Home Purchase Sentiment Index increased 3.7 points in December 2022 to 61.0, but the index remains only slightly above its all-time low set in October, Fannie Mae reported.
