WASHINGTON—The Senate Banking Committee has advanced two nominations for the Federal Reserve Board of Governors to the full Senate: Economist Judy Shelton and Federal Reserve Bank of St. Louis Director of Research Dr. Christopher Waller.
Fresh Today
WASHINGTON—The CFPB has issued a final rule revising dollar amounts for certain regulations falling under Regulation Z that implement the Credit Card Accountability Responsibility and Disclosure Act (CARD Act), the Home Ownership and Equity Protection Act (HOEPA), and the ability-to-repay/qualified mortgage provisions of the Dodd-Frank Act.
EAST HARTFORD, Conn.–American Eagle Financial Credit Union said it has selected Fiserv as its new core processor.
PURCHASE, N.Y.—Depending on the market and the region, some businesses are starting to reopen after months of quarantine, but it’s hard to know which stores are opening their doors to consumers without calling or searching online.
ARLINGTON, Va.—NAFCU and the Export-Import Bank (EXIM) have signed a two-year Memorandum of Understanding (MOU) the organizations said is aimed at increasing credit union awareness of export financing opportunities offered by the agency and credit unions' participation in them.
TAMPA—A study of banking apps for iOS and Android has led researchers to conclude "none of the tested mobile banking applications has an acceptable level of security."
MINNEAPOLIS—Financial institutions landed right in the “middle of the pack” and credit unions essentially finished in a tie with banks in a comparison of how five providers of goods and services have responded to changing conditions brought on by the COVID-19 pandemic, according to a new online survey of over 2,000 US adults conducted by The Harris Poll on behalf of ID Insight.
WASHINGTON—The Consumer Financial Protection Bureau has filed a lawsuit against Townstone Financial, Inc., a nonbank retail-mortgage creditor based in Chicago, for violations of the Equal Credit Opportunity Act (ECOA); its implementing regulation, Regulation B, and the Consumer Financial Protection Act (CFPA).
WASHINGTON–The National Taxpayers Union has sent a letter to the House Financial Services Committee and the Senate Banking Committee in which it said it wants to see any increase in the credit union member business lending cap accompanied by other changes in order to provide “transparency,” while also advocating for taxing CUs.
WASHINGTON–In testimony during his confirmation hearing before the Senate Banking Committee, NCUA Board Nominee Kyle S. Hauptman outlined what he said would be his three priorities while on the board.