RALEIGH, N.C./COLUMBIA, S.C.––The Carolinas Credit Union League has added several new members to its board of directors, saying the move helps to diversity credit union representation.
Fresh Today
NAPLES, Fla.–NCUA Chairman Todd Harper told defense credit unions here he believes the overdraft fee practices of some federal credit unions are “fundamentally detrimental” to members and “inconsistent with the definition of federal credit union in the Federal Credit Union Act.”
EAST LANSING, Mich.–A credit union that created a “lab” to develop technology and allow members to test it has seen such success it has now started a CUSO to further build on that foundation.
MADISON, Wis.—Many credit unions really do the same work of Community Development Financial Institutions (CDFI), but simply don’t have the formal designation. And yet that designation, say a handful of leaders running CDFI-certified CUs, makes all the difference within the communities they serve, with their staff, members and the bottom line.
ARLINGTON, Va.—New data indicate the rise in inflation is just temporary, according to NAFCU’s economist.
WASHINGTON–A new analysis released by the CFPB shows credit card account limits have declined overall during the pandemic, with the largest declines being for high-credit-score borrowers.
WASHINGTON—The Federal Housing Finance Agency (FHFA) said Fannie Mae will now consider rental payment history in its risk-assessment processes.
WASHINGTON—America’s credit unions vehemently opposed any regulation or legislation that would impact the operation of credit or debit cards, CUNA stated in a letter to the Federal Reserve.
WASHINGTON–The Independent Community Bankers of America (ICBA) said the Federal Reserve Board should not update debit card interchange regulations without first fully analyzing the effects of the proposed changes on consumers and financial institutions.
WASHINGTON–President Biden’s nomination of NCUA Chairman Todd Harper to a full six-year term on the agency’s board has now gone to the Senate for its consideration.