WASHINGTON–In a development that is the opposite of the direction many expected, regulatory enforcement actions made by the Consumer Financial Protection Bureau have risen to their highest level in five years, to levels not seen since the Bureau was under the control of former director Richard Cordray, according to an analysis of the CFPB Online Enforcement Database at Law360.
Fresh Today
NEW YORK–If there is an opportunity to be found in the pandemic, it’s in shedding “organizational debt,” according to Scott Belsky, who also offered a “litmus test” for whether a credit union’s strategic plan is going to be effective.
MINNEAPOLIS, Minn.–An analyst with Aite Group has offered a near- and longer-term forecast for how digital transformation is playing out for credit unions and other organizations.
MADISON, Wis.–During the 72nd annual International Credit Union Day celebration last week more than 100 credit unions across six continents “bombarded” social media with stories throughout the day, according to the World Council.
CINCINNATI—Car lease credit applicants registered a 67.6% approval rate in September, a slight increase from the August rate of 67.1%, reported Swapalease.com.
ALEXANDRIA, Va.—There is still time to register for the NCUA’s “Pathways to Consumer Financial Well-Being: The Importance of Financial Inclusion and Minority Depository Institutions” webinar on Oct. 21 at 2 p.m. ET, the agency reminded.
TALLAHASSEE, Fla.–The League of Southeastern Credit Unions & Affiliates (LSCU) has recognized three credit union professionals of the year, three volunteers of the year, and one young CU leader.
SPOKANE, Wash.–For the first time in its 86-year history, STCU here plans to open its offices late on Wednesday for the sole purpose of “checking in with its team.”
HALIFAX, Nova Scotia–CUA here has opened a new South Park branch designed and built by NewGround.
TALLAHASSEE, Fla.–The League of Southeastern Credit Unions & Affiliates (LSCU) recently recognized nine outstanding member credit unions from Alabama, Florida and Georgia with its 2019 Credit Union of the Year awards.