ALEXANDRIA, Va. – The National Credit Union Administration has named Matthew J. Biliouris as the director of the Office of Consumer Financial Protection in the NCUA Headquarters.
Fresh Today
WASHINGTON—The BCFP has settled with defendants in the Hydra Group payday lending case.
WASHINGTON—While Republican candidates still lead in attracting campaign support from the banking industry, moderate Democratic lawmakers in this election cycle, such as those that helped create and pass S. 2155, are drawing more support from the industry this year.
ANN ARBOR, Mich.–Credit unions across the country will again be out to lunch in October, but for a good cause.
BROOKLYN, N.Y.—Bay Ridge Federal Credit Union became undercapitalized during the second quarter of 2018 due to losses arising from taxi medallion loans.
DULUTH, Ga.–A majority of Georgians who were surveyed said they would never take out a short-term loan due to concerns over the interest rates charged–but one-in-five said they may have no choice.
WASHINGTON—The Fannie Mae Economic and Strategic Research Group has revised upward its full-year 2018 economic growth forecast to 3.0% -- from 2.8% in the prior forecast -- on expectations that third and fourth quarter inventory restocking will outweigh slowing consumer spending growth and a decline in net exports, according to its August 2018 Economic and Housing Outlook.
ALBANY, N.Y.—The New York Department of Financial Services (NYDFS) has issued a reminder for regulated entities required to comply with the state’s cybersecurity requirements that the third transitional period ends Sept. 4.
ASCHEIM, Germany–Credit unions are frequently told that financial technology (fintech) companies are going to change the competitive landscape–or at least change how the market sees the future.
RIVERWOODS, Ill.—Discover has revamped some of the features on the Discover Cashback Debit card, formerly known as Cashback Checking. And some of the changes are aimed directly at Millennials.