Fresh Today

TORONTO, Canada—The rising costs of goods and services is driving consumers in one country to place more small and large on their credit cards, a new report shows.

WASHINGTON– The House has passed the credit union-supported Credit Union Board Governance Modernization Act (H.R. 6889).

TALLAHASSEE, Fla.—Hurricane Ian, which slammed into Southwest Florida packing 100 mile-per-hour-plus winds, killing six so far, could have been much tougher on credit unions, according to an early report from the League of Southeastern CUs.

ALEXANDRIA, Va.— NCUA has announced a proposed combined 2023 staff draft budget of $367.0 million, an 8.1% increase from the 2022 staff budget.

WASHINGTON—A complaint led by the U.S. Chamber of Commerce has been filed against CFPB and Director Rohit Chopra challenging the Bureau’s March 2022 update to the Unfair, Deceptive, or Abusive Acts and Practices (UDAAP) section of its examination manual.

ARLINGTON, Va.—It has been a “fairly uneventful year” for the NCUA Operating Fund and Share Insurance Fund (SIF), according to NAFCU, which is advocating for the agency to take steps to drive improved investment performance.

WASHINGTON–As Congress mulls an overhaul of U.S. bankruptcy laws, Sen. Elizabeth Warren (D-MA) reportedly plans to reintroduce a bill that would create a potential path for Americans to erase their student loan debt.

AUSTIN, Texas–Credit unions have named new presidents and CEOs in Texas, Pennsylvania and Alabama.

AVON, Colo.—ALM First’s Financial Forum kicked off here this week with keynote speaker Antonia Hock, a recognized global expert on business innovation and leadership, sharing the market forces defining today’s business landscape along with the strategies and tactics leaders need to thrive in 2023 and beyond.

WASHINGTON—Citing “illegal surprise overdraft fees” charged to its customers, the CFPB has ordered Regions Bank to pay $50 million into the CFPB’s victims relief fund and to refund at least $141 million to the customers harmed.