ALEXANDRIA, Va.—NCUA has created a new video to help consumers better understand the process of buying a new home.
Fresh Today
WASHINGTON, D.C. – The Consumer Financial Protection Bureau said it will host its first symposium on June 25 at 9 a.m. The symposium, part of a series announced earlier this year, will focus on the Dodd-Frank Act’s prohibition on abusive acts or practices. It will be webcast on the Bureau’s website at www.cfpb.gov.
WASHINGTON–The House and Senate worked through a flurry of legislation of interest to credit unions yesterday, with the trade groups weighing in on bills that would delay implementation of CECL to giving NCUA authority to extend loan limits to service to military bases.
WASHINGTON—Total consumer credit rose 5.2% in April (seasonally-adjusted, annualized) and is up 5.3% versus a year ago. However, NAFCU Chief Economist and Vice President of Research Curt Long said while April revealed upward growth trends, overall growth is expected to decline in coming months.
NEW YORK—More red flags are flying in the credit-card industry after a key gauge of bad debt jumped to the highest level in almost seven years.
WASHINGTON–Americans will carry $70 billion more in credit card debt during 2019 than 2018, according to the latest Credit Card Debt Study from Wallethub, which also lists the U.S. markets with the most and least credit card debt paydowns.
NEW YORK–A new TV news program from the New York Times that is airing on FX and on Hulu highlights all of the problems around taxi medallion loans in one of its first episodes.
WASHINGTON—A bipartisan group of senators has released draft legislation to reform aspects of the Bank Secrecy Act (BSA), specifically targeted at anti-money laundering (AML)-combating the financing of terrorism (CFT) requirements.
SAN FRANCISCO–Efforts to help stabilize the value of taxi medallions–perhaps spurred in part by a lawsuit filed by a credit union–are showing some success here, one report suggests.
WASHINGTON—A top official with the Federal Reserve stated the department would clarify that hemp is a legal crop and that financial institutions are allowed to provide hemp businesses with services without violating the law.