WASHINGTON—NAFCU and CUNA have joined with 36 organizations representing the financial services, real estate finance, housing, consumer affairs, and civil rights sectors in sending a letter to six agencies asking for a delay in their current review of certain provisions of the Credit Risk Retention Rule.
Fresh Today
LONE TREE, Colo.–Canvas Credit Union has launched a “B.S. Free” campaign it says it designed to remind Coloradoans they can “eliminate financial jargon” from their interactions. In this case, the B.S. stands for “Bank Slang.”
WASHINGTON—CUNA has sent a letter supporting NCUA’s proposal to raise the residential appraisal threshold. CUNA originally requested the change to give credit unions parity with banks. Several credit union leagues around the country have also written to NCUA in support of the proposal.
WASHINGTON–The Consumer Financial Protection Bureau and the U.S. Department of Education announced a new coordination agreement in order to better serve student loan borrowers.
NASHVILLE, Tenn.–US Community Credit Union has been approved for a community charter expansion by NCUA.
CAFELANDIA, Brazil–Members of the World Council of Young Credit Professionals (WYCUP) have been participating in a week-long immersion trip designed to foster the creation of a toolkit that can be used to replicate this country’s Sicredi Youth Committee model at credit unions across the globe.
WASHINGTON—Federal Trade Commission staff sent letters to 19 Voice over Internet Protocol (VoIP) service providers warning them that “assisting and facilitating” illegal telemarketing or robocalling is against the law.
ATLANTA—Credit unions in Georgia and South Dakota visited their respective state capitals to do some advocacy work and education.
CHARLOTTE, N.C.–New data indicate approximately one quarter of people age 24-41 have more than $100,000 in savings, up 16% from one year earlier.
WASHINGTON–Five federal financial regulatory agencies are now seeking public comment on a proposal to modify regulations implementing the Volcker rule's general prohibition on banking entities investing in or sponsoring hedge funds or private equity funds – known as "covered funds."