SPRINGFIELD, Ore.— To celebrate its 85th birthday, SELCO Community Credit Union said it “turned the tables on the traditional birthday celebration” and recognized, surprised, and rewarded its communities with “85 acts of Kindness.”
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WASHINGTON–A company backed by “some of the biggest names in venture capital” has been shut down by the CFPB for “lying and cheating.”
TAMPA, Fla.– Reflecting on what it called “another untraditional year,” business analytics fintech Trellance said the credit union industry is ending 2021 in a strong position.
WASHINGTON–A broad coalition of nearly 80 organizations is calling on the CFPB to examine fintech credit products and fee models that they allege are “evading consumer protection laws and creating debt traps for consumers.”
ARLINGTON, Va. – The National Association of State Credit Union Supervisors (NASCUS) has named Brian Knight as its next president and CEO, effective Jan. 1, 2022.
MADISON, Wis.–Credit unions should expect an ongoing decline in mortgage originations as rates rise, but also should expect to continue to benefit from increasing economies of scale, as CUs have become “significantly more productive over the past 21 years,” according to a new forecast from CUNA Mutual Group.
ALEXANDRIA, Va. – The NCUA board has unanimously approved, by notation vote, an extension of the effective date of its temporary final rule, which modified certain regulatory requirements to help ensure that federally insured credit unions remain operational and can address economic conditions caused by the COVID–19 pandemic.
WASHINGTON—The outlook for full-year 2021 economic growth has been revised upward to 5.5%, an improvement of 0.7% points compared to last month’s projection, due primarily to stronger-than-anticipated consumer spending and inventory investment data, according to the December 2021 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.
WASHINGTON—An inquiry by the Consumer Financial Protection Bureau’s into tech companies’ payments practices is getting support from CUNA, which said it strongly encourages the Bureau to carefully examine and regulate these entities moving forward.
WASHINGTON—The House Armed Services Committee has directed the Department of Defense to conduct a study on financial institutions on military bases.