ALEXANDRIA, Va.– Six federally insured credit unions subject to civil money penalties for filing late Call Reports in the second quarter of 2019 have agreed to penalties of $2,259, NCUA announced Monday.
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ARVADA, Colo.–Colorado Gov. Jared Polis and Rep. Ed Perlmutter (D-CO) were part of a press conference held at Partner Colorado Credit Union here where they were joined by CU executives and the Colorado Department of Regulatory Agencies (DORA), which has released a “roadmap” to provide clarity and guidance for state-chartered financial services providers that serve or seek to serve legal cannabis-related businesses.
WASHINGTON—The Consumer Financial Protection Bureau announced it intends to establish a new category of materials that are similar to previous compliance materials but will now be designated “Compliance Aids.”
NEW YORK–Inclusiv has parted with other credit union trade groups in saying it supports the CFPB’s current single director structure.
WALTHAM, Mass.–Two Massachusetts credit unions are merging. Members of Waltham Municipal Employees Credit Union have approved a merger with RTN Federal Credit Union, headquartered in Waltham. The merger is effective Feb. 1.
STERLING, Colo.–Sterling and Fort Morgan FCU has announced a bonus dividend and loan interest refund for its members.
WASHINGTON—Credit union loans outstanding grew 0.56% in November, compared to an 0.64% increase in October, according to CUNA’s Monthly Credit Union Estimates for November 2019.
ALEXANDRIA, Va.—In response to NCUA's decision to extend the 18% loan interest rate ceiling until Sept. 10, 2021, NAFCU is urging the agency explore the adoption of a variable interest rate, and encouraged the board to publish an advanced notice of proposed rulemaking (ANPR).
ARLINGTON, Va.—The U.S. economy grew by 2.1% in the fourth quarter, remaining unchanged from its third quarter pace, according to the Commerce Department's initial GDP estimate.
ALEXANDRIA, Va.– NCUA has issued six prohibition notices and one prohibition order.