WASHINGTON–Congress has scheduled several hearings of interest to credit unions this week.
Fresh Today
QUEENS, N.Y.–An already depressed market for New York City taxi medallions continues to suffer.
ALBANY, N.Y.–William J. Mellin, president/CEO of the New York Credit Union Association, has been appointed to serve on the Taxi Medallion Sale Prices Task Force as a lending institution representative. Mellin was appointed by New York City Council Speaker Corey Johnson.
COSTA MESA, Calif.— Consumers are feeling increasingly stressed by all the new tech features being introduced, even as online and mobile apps are becoming even more critical to the overall consumer experience at financial institutions, according to new research released by J.D. Power & Associates.
EUGENE, Ore.–A number of employees of Pentagon Federal Credit Union in Oregon and Virginia have been told they will need to relocate to Texas in order to retain their jobs. In Oregon, more than 100 employees are affected, according to the Register-Guard.
ALEXANDRIA, Va.–There has been a change in the senior management at NCUA, including the retirement of one person who was on Capitol Hill during one of the most critical moments in credit union history.
AUSTIN, Texas–FirstClose has published a new white paper: “Suitability Logic: The Next Big Innovation.”
WASHINGTON—With the basis for many rates, the London Interbank Offered Rate (LIBOR), expected to no longer publish after 2021, Fannie Mae is set to develop an adjustable-rate mortgage product that will be indexed to the Secured Overnight Financing Rate (SOFR).
WASHINGTON—The CFPB is being urged to "consider more frequent reviews of its significant rulemakings to identify ways to reduce burdens on small entities like credit unions."
WASHINGTON—CUNA is a asking the CFPB to streamline its Regulatory Flexibility Act (RFA) review process to reduce regulatory burden on credit unions, and is encouraging the Federal Reserve to expand the ACH processing window.