WASHINGTON–The CFPB has issued an interpretive rule clarifying that the prohibition against sex discrimination under the Equal Credit Opportunity Act (ECOA) and Regulation B includes sexual orientation discrimination and gender identity discrimination.
Fresh Today
FORT WAYNE, Ind.––ProFed Credit Union has named a new CEO. The $569-million ProFed has added the CEO title to the role of Konstantina (Nina) G. Baker, who had been serving as president since January 2020.
HENDERSON, Nev.– Mitchell, Stankovic & Associates Underground has announced a new service: Enterprise Xchanges. The company said the Xchanges bring conversations into a community, starting with CUNA Mutual Group’s Engagement Resource Groups to exchange ideas and increase strategic influence resulting in vulnerable collaboration that will drive future initiatives.
MADISON, Wis.— By increasing their savings over $27,000 and reducing debt by nearly $10,000 in just seven months, Dustin and Scott Struckmeyer won the 12th season of Summit Credit Union’s Project Money program.
BEIJING, China–China is charging ahead with a bold effort to remake the way that government-backed money works by rolling out its own digital currency with different qualities than cash or digital deposits, according to a new report.
WASHINGTON–The American economy will accelerate nearly twice as fast as expected this year as result of the just-passed $1.9-trillion stimulus plan combined with the rapid vaccine rollout, which will lead to a powerful recovery from the pandemic, according to a new analysis released by the Organization for Economic Cooperation and Development (OECD).
WASHINGTON—Total consumer credit fell for the 10th time in the past 12 months, declining 0.4% in January on a seasonally-adjusted, annualized basis.
ALEXANDRIA, Va.—NAFCU and CUNA have both offered suggestions to NCUA on ways to improve communications with credit unions, including making adjustments to its website.
WASHINGTON–A bank group that is meeting virtually this week is stressing a theme similar to that often shared by credit unions, and that is the role they play in local communities. Another theme will also sound familiar to CUs—the group said a priority remains addressing the credit union tax exemption.
WASHINGTON–NAFCU and CUNA have joined with 17 other consumer and financial industry organizations in urging lawmakers to protect the third round of economic impact payments (EIPs) from garnishment “so the money gets to the families who most need it.”