ARLINGTON, Va.—While the pandemic has had many credit unions concerned about their own balance sheets as the result of fee waivers and forbearances due to the pandemic, most CU leaders believe that that within a year their financials will markedly improve.
ARLINGTON, Va.—Saying there’s “no question” recent months have been a time of tremendous uncertainty and challenge, NCUA Board Chairman Rodney Hood said the agency is taking steps to help the industry cope and how he hopes some of the changes could be lasting.
COLUMBUS, Ohio—It appears another credit union organization, this time Columbus Metro CU here, has been hit by ransomware attack in which the criminal group Maze has posted some of the CU’s sensitive member data on its website as part of a ransom threat.
SNELLVILLE, Ga.–The African American Credit Union Coalition’s (AACUC) is reporting it has received strong response to its invitation to join an effort to dismantle systemic racism.
WASHINGTON– The Consumer Financial Protection Bureau has issued an interim final rule (IFR) that it says will make it easier for consumers to transition out of financial hardship caused by the COVID-19 pandemic and easier for mortgage servicers to assist those consumers.
ARLINGTON, Va.— NAFCU is urging NCUA to consider making distributions from the Share Insurance Fund (SIF).
ARLINGTON, Va.—New-home sales rose to 676,000 units in May, up 16.6% from April's downwardly revised rate of 580,000 units and 12.7% from a year ago.
RANCHO CUCAMONGA, Calif.– Credit and debit spending continued to rebound in the first half of June, as businesses across the country began to reopen, according to analysis by CO-OP Financial Services.
WASHINGTON—Data on mortgage lending transactions from more than 5,500 U.S. financial institutions – required by the Home Mortgage Disclosure Act (HMDA) – is now available from the Federal Financial Institutions Examination Council (FFIEC), of which NCUA is a member.
WASHINGTON—In a letter to the House that cites numerous concerns over increased lawsuits and cybersecurity risks, CUNA has expressed its opposition Protecting Your Credit Score Act of 2019 (H.R. 5332).
