WASHINGTON—The Federal Reserve has rejected Wells Fargo & Co's plans to prevent further consumer abuses and told the scandal-plagued bank it needs stronger checks on management, according to a Reuters report.
Fresh Today
ARLINGTON, Va.—An executive order signed this week by the Trump Administration will establish a White House Revitalization Council that will be comprised of 13 federal agencies, including the U.S. Housing and Urban Development (HUD), Justice Department, Energy Department, Small Business Administration, and others.
WASHINGTON—The Bureau of Consumer Financial Protection has released a new beta version of the Home Mortgage Disclosure Act (HMDA) platform for data collected in 2018.
ARLINGTON, Va.–NAFCU has sent a letter to regulators urging them to interpret the Volcker rule “in the way Congress intended,” which is not to "afford the largest and most complex banks relief from critically important safety and soundness regulations."
ANN ARBOR, Mich.–The new year-end Credit Union Satisfaction Index (CUSI) stands at 86, showing a slight increase in the level of satisfaction among credit union members over that of bank customers.
HUNTINGTON BEACH, Calif.–The American Association of Credit Union Leagues has elected its board and board executive committee members. The elections were held during the AACUL’s winter conference here.
ALEXANDRIA, Va.–During its meeting here, the NCUA board voted to slightly lower the Normal Operating Level of the NCUSIF and voted to publish the second report from its Regulatory Reform Task Force.
WASHINGTON – After the NCUA board Thursday approved decreasing the National Credit Union Share Insurance Fund's normal operating level (NOL) from 1.39% to 1.38%, both CUNA and NAFCU applauded the move.
ALEXANDRIA, Va.–Credit unions in Utah and Maine led the way in median asset growth during the year ending Sept. 30, while asset growth was negative among credit unions in New Jersey, Louisiana, and Kansas, according to NCUA.
ALEXANDRIA, Va.—The NCUA board today will hear recommendations from the agency’s Regulatory Reform Task Force.