ARNOLDS PARK, Iowa —A question about the credit union tax exemption was posed to one of the Democratic candidates for president.
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WASHINGTON—Rep. Carolyn B. Maloney (D-NY), chair of the House Oversight and Reform Committee, has called on NCUA to place an immediate moratorium on both taxi medallion loan foreclosures and sales of taxi medallion loans currently owned by the agency.
WASHINGTON—CUNA is encouraging credit unions to submit comments on the Consumer Financial Protection Bureau’s proposal to raise the safe harbor thresholds for its remittance rule by today’s Jan. 21 deadline.
ARLINGTON, Va.—Total retail sales rose 0.3% in December – the third consecutive month to see a rise.
ARLINGTON, Va.—On a seasonally adjusted basis, overall consumer prices increased 0.2% in December following a 0.3% rise in November.
WASHINGTON—NCUA Chairman Rodney Hood shared updates on several issues, including data privacy, regulatory relief, consumer protection, and fintech, at an event at the Exchequer Club. Separately, NCUA Board Member Todd Harper met with credit unions in the Carolinas.
LAWRENCEVILLE, Ga.—December continued the sharp fourth-quarter decline in used vehicle values, Black Book reported.
ONTARIO, Calif.—Across a handful of local regions within 13 different geographies of California and Nevada, the pace of auto lending growth at many credit unions is either slowing down or growth is outright sliding into negative territory, the California and Nevada Leagues reported.
WASHINGTON–CUNA said it and the state league system will spend a record $7-million during the 2020 election cycle to support congressional candidates on both sides of the aisle.
At Hearing, Lawmakers Raise Concerns Around CECL; CUNA Sends Letter Warning of ‘Significant Concern’
WASHINGTON—Several lawmakers flagged the potential economic consequences of the current expected credit loss (CECL) standard and criticized the lack of understanding about its impact during a House Financial Services Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets hearing featuring Financial Accounting Standards Board (FASB) Chairman Russell Golden.