WASHINGTON—Outstanding consumer credit at credit unions grew at a slower pace in January 2019, new data show.
Fresh Today
PANAMA CITY, Fla.–Six months after portions of its communities were devastated by Hurricane Michael in October of 2018, Tyndall FCU has created a video highlighting the recovery work done by its employees.
McCLEAN, Va.–ComplianceTech has announced enhancements to its LendingPatterns solution in advance of the 2018 HMDA data release by the Consumer Financial Protection Bureau (CFPB). LendingPatterns now includes the ability to analyze mortgage lending activity using the expanded HMDA data fields, such as applicant age, debt-to-income, combined loan-to-value and property value, the company said.
ALEXANDRIA, Va.–A new “proof of concept” application for groups wishing to obtain a federal credit union charter is out for comment for 60 days, according to a Federal Register notice from NCUA.
DENVER–CULedger, the CUSO that is leading a blockchain initiative, has announced a collaboration with IBM to pioneer new blockchain-based services to “help credit unions provide a better experience for members.”
ERIE, Penn.–Erie FCU is offering a loan assistance program to workers who are on strike against a local employer. The program is being offered to workers of Wabtec Corp., which manufactures brakes.
WASHINGTON—The Department of Labor (DOL) has introduced a proposed rule intended to increase the amount of workers eligible for overtime pay by bumping the annual salary threshold from $23,660 to $35,308.
WASHINGTON–Vice President of the United States Mike Pence will speak at CUNA’s Governmental Affairs Conference on Tuesday morning.
WASHINGTON–Credit union leaders gathered here to “stand up” and offer some unvarnished opinions and views on a variety of issues, ranging from whether the tax exemption is still merited, if the CU business model is still relevant, and even what many credit unions get wrong in their annual planning sessions.
WASHINGTON – One jobs report does not a trend make. That’s the general reaction to the poor jobs report released last week.