WASHINGTON—The Small Business Administration’s (SBA) proposed rule on its business lending programs includes a provision that fails to address the SBA’s personal or equity guarantee requirement within 7(a) lending programs, CUNA and other organizations wrote to the SBA.
WASHINGTON–During 2023 the Defense Credit Union Council (DCUC) said it will be celebrating its 60th anniversary of championing the interests of credit unions serving the armed forces and veterans worldwide.
WASHINGTON — The Consumer Financial Protection Bureau (CFPB) and the New York State Office of the Attorney General have filed suit against Credit Acceptance Corporation for what they allege is misrepresenting the cost of credit and for tricking its customers into high-cost loans on used cars.
NAPERVILLE, Ill.– In the wake of its late 2021 rebranding of its LSC unit to Envisant, the Illinois Credit Union System has now unveiled updated logos for the Illinois Credit Union League, Illinois Credit Union Foundation, and CUPAC.
MADISON, Wis.–Filene said it will host a webinar titled “The War for Deposits” on Jan. 26. The webinar will run from 12-1 p.m. EST.
SAN BRUNO, Calif. — The Police Credit Union of California said it is celebrating its 70th anniversary this year by continuing to offer products specifically tailored for its law enforcement members.
LONDON—The U.K.’s Financial Conduct Authority (FCA) is being asked to provide greater clarity on how open banking will be regulated from 2023 onward.
WASHINGTON—Credit union loans outstanding increased 1.4% in October 2022, according to CUNA's latest Monthly Credit Union Estimates. This is compared to a 2.0% increase in September 2022, and a 1% increase in October 2021, according to the trade association.
WASHINGTON–The three major credit bureaus have changed how they respond to consumer complaints and are more frequently providing “tailored responses,” according to a new annual report from the CFPB that also offers recommendations for more improvements.
ANTIGO, Wis.–CoVantage Credit Union has paid out a $5-million Patronage Dividend to its members.
