RALEIGH, N.C.–North Carolina has suspended online used-car retailer Carvana Co. from selling cars in the Raleigh market until January of 2022 after a state investigation determined the company failed to deliver titles to the motor vehicle department and sold cars without state inspections.
ALEXANDRIA, Va.—NCUA has sent a Letter to Credit Unions (21-CU-08) detailing the agency's transition to modernized systems. The agency said it will begin this transition in August.
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.
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.
