WASHINGTON–Wells Fargo will remain under the asset cap imposed on it by the Federal Reserve until it demonstrates it has taken actions to correct an environment that has led to “significant consumer abuses,” according to the Fed’s chairman.
Fresh Today
NEW YORK–Unsealed search warrants related to President Donald Trump's former fixer and personal attorney Michael Cohen will likely shed additional light on his relationships with taxi medallion loans and at least one credit union that made them.
LAS VEGAS–One credit union is successfully driving ROI on its business development initiatives using root beer. And it’s a lesson others can learn from, according to the CU.
LAS VEGAS–Here’s a “Breaking News Alert,” joked one speaker here: “America is changing. And then turning serious, he noted there’s a lot a credit unions can get wrong when it comes to multicultural marketing, including coming across as insulting and condescending.
WASHINGTON—The Federal Housing Finance Agency is being urged to re-propose its rule for evaluating new credit scoring models for use by the government-sponsored enterprises (GSEs).
AUSTIN, Texas—A federal court in Texas has extended its stay of the CFPB's payday lending rule compliance date for both the ability-to-repay (ATR) and payment provisions.
WASHINGTON—The Consumer Financial Protection Bureau has released the annual report to Congress on the administration of the Fair Debt Collection Practices Act (FDCPA). As part of the report, Director Kathy Kraninger said the CFPB will issue an advance notice of proposed rulemaking regarding debt collection in the Spring.
WASHINGTON–Complaints related to financial services companies rose 12% during 2018 among members of the U.S. armed services, veterans and their families, according to the CFPB’s just released “complaint snapshot.”
SAGINAW, MI — Catholic Federal Credit Union here said it will introduce a new name in May as part of an effort to attract membership beyond the Catholic community.
ATLANTA—CU Capital Market Solutions, a CUSO offering financial management solutions, said it has finalized a deal with Fidelity Capital Markets that allows CMS client credit unions to execute security transactions directly with Fidelity.