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.
PEACHTREE CORNERS, Ga.–Two University of Georgia football players joined with Associated Credit Union and Dick’s Sporting Goods to take 16 young students shopping for Christmas.
WASHINGTON—The Treasury Department is being asked by NAFCU to provide greater access to federal community investment programs.
ONTARIO, Calif.– Inclusiv Network said it has partnered with the National Association of Latino Credit Union and Professionals (NLCUP) and the California and Nevada Leagues to launch the first-ever Juntos Avanzamos-NLCUP Regional Chapter in California.
RANCHO CUCAMONGA, Calif.– Rebranding itself as Co-op Solutions wasn’t its only accomplishment during 2022, according to the CUSO.
MARLBOROUGH, Mass. — Saying it has a long-standing commitment to giving back to the community and nonprofits, the Cooperative Credit Union Association (CCUA) said it has partnered with the CUSO NetGiver, which is designed to enable no-fee donations for credit union members.
