SANTA ROSA, Calif. — Todd Sheffield, CEO of Community First CU here, has announced plans to retire mid-year 2021. The credit union has announced a search for a replacement.
Fresh Today
CHICAGO–A new survey conducted during September has found 52% of Americans say the pandemic has affected their personal finances, an increase from the 47% found in a similar survey in May.
WASHINGTON—More people are saving for emergencies and other unexpected expenses as the use of mobile banking soars, according to a report on the ways Americans bank released by the FDIC.
VIENNA, Va.–With a quarter-million military members transitioning out of the service every year, Navy FCU has partnered with Operation Homefront to compile a list of the Best Cities After Service 2020.
WASHINGTON–The Consumer Financial Protection Bureau has filed a lawsuit against Driver Loan, LLC, and its CEO, Angelo Jose Sarjeant, for allegedly engaging in deceptive acts or practices in taking deposits from and offering credit to consumers.
HAMPSHIRE, U.K.–A new study from Juniper Research has found the total transaction value of smart home payments, or the payments that occur via smart home devices, will exceed $164 billion in 2025, from $22 billion in 2020.
WASHINGTON—A reorganization of the Consumer Financial Protection Bureau’s enforcement and supervision unit could mean less oversight of small firms such as payday lenders and debt collectors, according to one analysis.
LONDON—More than 20 regulators from countries that include the United Kingdom, Canada, the U.S. and Australia have opened applications for a global fintech “sandbox” following a trial in 2019.
MADISON, Wis.–CUNA’s economists say they are “very concerned” by several new economic findings, while simultaneously reporting a separate data point about credit unions that is surprisingly good.
ARLINGTON, Va.—The October employment report indicated a similar number of jobs were added compared with September, “but the underlying details were more positive," said NAFCU Chief Economist and Vice President of Research Curt Long.