WASHINGTON–The Independent Community Bankers of America (ICBA) is panning the CFPB’s outline of proposals to implement small-business loan data collection and reporting rules.
Fresh Today
DUBLIN, Ireland–Ireland’s Central Bank, which regulates the country’s credit unions, has published its fourth edition of the Credit Union PRISM Supervisory Commentary Report, which is designed to inform all credit unions on the nature and type of risks identified during Central Bank 2019 supervisory engagements, and related supervisory expectations in addressing such issues.
ARLINGTON, Va.—One member of the NCUA board is not ruling out a potential NCUSIF premium as a result of the coronavirus.
ARLINGTON, Va.—Will Congress push regulators to find ways to make it easier for credit unions, and the exam process, to go paperless?
WASHINGTON–Noting more than one-million small businesses in the U.S. have closed since February due to the coronavirus pandemic, the chairman of the House Financial Services Committee told credit unions the role they have played in providing relief has been critical, and there is more work to be done.’
RANCHO CUCAMONGA, Calif.—The waning days of summer saw a continuation of the credit and debit trends of recent months, reports CO-OP Financial Services, although the analysis found one surprising consumer spending trend: a growing interest in snowmobile purchases.
MADISON, Wis.–The CUNA Human Resources & Organizational Development Council said it will host a “Virtual Conference Collection” Oct. 8-14 that will include an “engaging new format.
WASHINGTON–The House and Senate are both back in session this week, but one CUNA exec isn’t expecting any progress on any coronavirus relief legislation.
WASHINGTON–The National Credit Union Foundation is reporting it has granted more than $100,000 in disaster relief via CUAid to the California and Nevada Credit Union Leagues and the Louisiana Credit Union League in response to the wildfires in the west and Hurricane Laura along the Gulf Coast.
ALEXANDRIA, Va.—NCUA has awarded $3.7 million in grants and no-interest loans to 162 low-income credit unions, helping them provide affordable financial services to their members and communities during the COVID-19 pandemic, the agency annoucned.