WASHINGTON—Last week’s jobs report – with 250,000 jobs gained in October – revealed above-average expectations with growth in major industries, which is good news for those seeking work but less of a blessing for those with variable-rate loans, according to one analysis.
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STAMFORD, Conn.—Traditional financial institutions and insurance companies are facing extinction in the next decade due to increased digitization in the financial services sector, asserts a new forecast reveals.
POUGHKEEPSIE, N.Y.–Hudson Valley Federal Credit Union has agreed to pay $95,000 to resolve allegations it violated the Servicemembers Civil Relief Act.
WASHINGTON—The Federal Communications Commission (FCC) is being asked once again for more flexibility under the Telephone Consumer Protection Act (TCPA) to ensure credit unions can contact their members with important information without fear of violating the law.
ARLINGTON, Va.—Total vehicle sales increased for the second straight month in October, but sales of new vehicles are expected to trend down gradually due to multiple speed bumps.
ALBANY, N.Y.–A merger announced here has taken with it one of the great unique names in credit unions. Albany City Lodge Knights of Pythias 540 Credit Union has merged into CAP COM Federal.
ENGLEWOOD, Colo.—In separate deals, Amazon has announced new financial partnerships with Western Union and American Express.
WASHINGTON–Former U.S. Secretary of State and senator John Kerry has been added to the lineup of speakers for CUNA’s 2019 Governmental Affairs Conference (GAC).
WASHINGTON–The Bureau of Consumer Financial Protection has published a new paper suggesting the approaching tax season is a unique opportunity for many people, especially low-income individuals, to make some decisions around savings.
NEW HAVEN, Conn. – The Banking Compliance Index (BCI) remained steady in Q3 2018, after nearly doubling from Q1 2018 to Q2 2018, according to Continuity, which publishes the Index.