WASHINGTON–Both the House and the Senate are back in session this week, but credit unions will be paying as much attention–if not more–to NCUA than Congress.
Fresh Today
INDIANAPOLIS—As one of a number of credit unions that just reached a settlement with the CFPB to forgive nearly $170 million in student loan debt, Elements FCU says it did not intend to harm borrowers as a result of its relationship with the CUSO it helped create, Student CU Connect.
ARLINGTON, Va.—Total retail sales increased 0.5% in May, and April's sales growth was revised upward from -0.2% to +0.3%. NAFCU's Curt Long noted that strong gains in consumer spending may diminish the chances of a recession in 2019.
ITTA BENA, Miss. — A “financial desert” and the importance of one credit union’s ATM in one of the most impoverished areas of the United States was featured in an extensive national report.
ALEXANDRIA, Va.–NCUA has assessed civil money penalties against six credit unions for being late in filing their year-end 2018 call reports.
EDMONTON, Alberta––Servus Credit Union today will present one of the biggest prizes in the history of credit unions when it formally gives $1 million to winning member Andrew Buchner.
MADISON, Wis.–Ninety-six percent of Venezuelans who have fled to Columbia to escape the violence and economic collapse in their home country have no access to formal financial services, even though more than half said they crossed the border more than a year ago, according to the World Council of Credit Unions.
HOBOKEN, N.J.–How significant is student loan debt in the minds of those who consider filing for bankruptcy—even though it’s nearly impossible to discharge through such proceedings? A new study offers some answers.
DUBLIN, Ireland–At least three-dozen credit unions in Ireland have imposed a limit on the deposits members can have, in some cases as low as €15,000, as a result of negative interest rates now in place at the country’s two largest banks.
WASHINGTON–Consumer knowledge about credit scores is at the lowest level in the past eight years–and in some cases, sharply–even Americans think they are smarter than ever, according to a new survey.