WASHINGTON—NAFCU has written to the CFPB in response to the Bureau's interim final rule (IFR) amending Regulation X.
Fresh Today
ATLANTA – The African-American Credit Union Coalition (AACUC) has recognized five credit union leaders for the Chairman’s Awards as part of its the Commitment to Change Conversation Series.
WASHINGTON—The federal banking agencies, including NCUA, have issued a joint statement updating their existing enforcement guidance to enhance transparency regarding how they evaluate enforcement actions that are required by statute when financial institutions fail to meet Bank Secrecy Act/anti-money laundering (BSA/AML) obligations.
MADISON, Wis.–The Filene Research Institute has published a new paper on “Trauma-informed Strategies to Support Credit Union Employees During the COVID-19 Pandemic.”
MADISON, Wis. – The World Council of Credit Unions (WOCCU) presented the Indiana Credit Union League with the 2020 Distinguished Service Award, the highest honor paid to individuals and institutions by the worldwide credit union movement. The award was created to recognize outstanding contributions to international credit union development and was announced during WOCCU’s recent virtual annual meeting.
WASHINGTON—With consumers worried about touching surfaces during the coronavirus pandemic, the use of mobile payments and contactless credit or debit cards has significantly increased in the past few months, according to research released by the National Retail Federation (NRF) and Forrester.
WASHINGTON–Millennials, whose financial prospects took a hit by entering the workforce just as the financial crisis was raging or the economy was seeking to recover, are now being hit again, this time by the coronavirus pandemic.
WATERLOO, Iowa–Veridian Credit Union is reporting it has set aside $3 million to offer Disaster Assistance Loans to those who have suffered property damage or hardship as a result of recent storms in its communities.
NEW YORK—Consumer spending data indicate that the economic recovery has been stuck in neutral since mid-June, mirroring data of weekly jobless claims and hours worked by service sector employees, according to JPMorgan.
WASHINGTON–A decision by Fannie Mae and Freddie Mac to add a new “adverse-market refinance fee” of 0.5% on the mortgages they buy will “put additional pressures on credit unions,” according to NAFCU, which has joined with other trade groups in calling for reversal of the decision.