RANCHO CUCAMONGA, Calif. – CO-OP Financial Services, always a significant presence during CUNA’s Governmental Affairs Conference (GAC), said it will be front-and-center again this year even as the event is held virtually for the first time.
Fresh Today
ARLINGTON, Va.–The National Association of State Credit Union Supervisors announced the winners of its 2020-2021 Pierre Jay Award, which is the highest honor presented by the association.
ALEXANDRIA, Va.–NCUA’s consumer complaint program is performing well, but there are issues related to internal controls over complaint processing and communications with stakeholders, according to a new report from the agency’s Office of Inspector General (OIG).
WASHINGTON—The CFPB issued an updated small entity compliance guide for its ability to repay (ATR)/qualified mortgage (QM) rule to account for recent changes made to the general QM definition and creation of the new category of seasoned QMs.
SAULT STE. MARIE, Ontario–Northern Credit Union here said it plans to consolidate seven branches into larger locations as digital and other online solutions prove popular with customers.
MADISON, Wis.–New data show CUs closed out 2020 with fixed-rate mortgages setting a record for their proportion of all loans while CU membership grew at its slowest pace in six years. The forecast for 2021? Fast savings growth (unwelcome news to many), potential inflation, and even more mortgage loans.
ARLINGTON, Va.—The new year is apparently driving new optimism among CU leaders toward the economy and their credit union’s future—although CU execs aren’t so rosy about their future regulatory burden.
WASHINGTON—The Small Business Administration (SBA) will open an exclusive Paycheck Protection Program (PPP) window for small businesses with fewer than 20 employees.
WASHINGTON—NCUA’s proposal to issue exemptions from Suspicious Activity Report (SAR) regulations could benefit credit unions and should be adopted “as soon as reasonably practical,” CUNA wrote to the agency.
ARLINGTON, Va.–NASCUS is offering a number of recommendations to NCUA’s proposed rule about credit union exemptions from filing suspicious activity reports (SARs).