ALEXANDRIA, Va.—The NCUA board will meet today and is expected to issue a final rule related to real estate appraisals and address an exemption under the Bank Secrecy Act's (BSA) customer identification program (CIP).
Fresh Today
WASHINGTON—The Department of Labor (DOL) has issued a temporary rule to address some issues with its implementation of public health emergency leave under the Family Medical Leave Act (FMLA) and emergency paid sick leave related to the coronavirus pandemic.
WASHINGTON—The CFPB has announced a $330-million settlement that means tens of thousands of former students of ITT Technical Institute will not have to repay their private student loans. Prosecutors called the loans “reckless” and “deceptive” in announcing the deal.
NEW YORK—Subprime borrowers are seeing their credit card limits cut the most as banks reduce exposure during the coronavirus pandemic, according to TransUnion data.
WENTZVILLE, Mo.–1st Financial Credit Union here has a new name. The $282-million CU is now called Alltru Credit Union.
WASHINGTON—Ahead of this week’s Senate Commerce, Science, and Transportation Committee markup of the E-SIGN Modernization Act of 2020 (S. 4159), NAFCU and CUNA each shared their support for the legislation.
DEXTER, Maine–The patrol and investigative divisions of the Piscataquis County Sheriff’s Office here now have a spacious new office space after Maine Highlands Credit Union donated $145,000 to allow it to purchase a new building. The divisions had been operating from a 267-square-foot space in a structure originally built in 1886.
ARLINGTON, Va.—From ways the NCUA is helping credit unions navigate through pandemic-driven uncertainty to steps the agency is taking to ease the CECL burden on credit unions, Rodney Hood has offered some thoughts what the movement can expect from the regulator in the coming year.
NAPERVILLE, Ill.–Even though the event was held virtually for the first time in its six-year history, a record-breaking number of attendees participated in the Credit Union Executive Leadership Symposium hosted by Alloya Corporate.
WASHINGTON– The Consumer Financial Protection Bureau (Bureau) released its Outline of Proposals Under Consideration and Alternatives Considered for Section 1071 of the Dodd-Frank Act governing small business lending data collection and reporting.