Fresh Today

WASHINGTON—This Friday marks the deadline for applying for the CFPB’s first-ever “tech sprint,” which will be focused on electronic disclosures. The Bureau said the tech sprint, to take place in October, is part of its efforts to reduce regulatory burden and improve consumer understanding of financial services.

WASHINGTON—During a House Financial Services Subcommittee on Diversity and Inclusion hearing, NCUA Office of Minority and Women Inclusion (OMWI) Director Monica Davy discussed the work being done by credit unions.

WASHINGTON—CUNA said it supports bipartisan Senate efforts to extend the Covered Business Method (CBM) review program at the U.S. Patent and Trademark Office (USPTO). CUNA shared its views in a letter it wrote to Sens. David Perdue (R-GA) and Richard Blumenthal (D-CN).

MADISON, Wis.–The World Council of Credit Unions and CUNA said they will host a webinar on Sept. 21 titled “An International Perspective on Financial Inclusion, Social Justice and Credit Union Regulatory Advocacy.”

WASHINGTON–While the FDIC has put in place policies designed to address the risk from examiners favoring banks at which they later go to work, or regulatory capture, a new GAO report has found some examinations have not been implemented consistent with those policies and that gaps in FDIC policies limited their effectiveness.

LANSING, Mich.— A bill has been introduced in the Michigan legislature that would allow financial institution branches to deliver some of the services the state currently provides related to vehicle registrations.

PORT OF SPAIN, Trinidad–The president of the Co-Operative Credit Union League here, Joseph Remy, is calling on the government to establish a technical assistance fund for retraining of people during the COVID-19 pandemic.

WASHINGTON–If there is one number that pops out from all the other mid-year CU performance numbers just released by NCUA, it’s the “incredible increase in savings growth,” according to one CUNA economist.

WASHINGTON–Both the House and the Senate are back in session this week, with credit unions watching for progress on a Phase IV stimulus package, as well as giving attention to a number of committee hearings this week.

ARLINGTON, Va.—Last week’s release of the latest job numbers generally met expectations, although one economist sees one “glaring problem area.”