WASHINGTON–The Senate Banking Committee has rescheduled to Oct. 2 a hearing on the implementation by federal financial institution regulators of the new regulatory relief law at which NCUA Chairman J. Mark McWatters has been scheduled to testify.
Fresh Today
MADISON, Wis.–The World Council of Credit Unions (WOCCU) said it has partnered with Gov. Tom Ridge, the first U.S. Secretary of Homeland Security and Chairman of the Ridge Global Cybersecurity Institute, to launch a Cybersecurity Oversight for Executives course.
CAMBRIDGE, Mass.—How do parents feel about their debt? Ask their kids.
NEW YORK—While consumer debt is increasing, consumers appear to be managing it pretty well.
CANBERRA, Australia–Perhaps fittingly, in what appears to be a scenario upside down when compared to that in the U.S., bankers in the Land Down Under are calling for the closure of a “loophole” in consumer protections that allow credit unions and others to act in ways they say don’t protect borrowers of short-terms loans.
WASHINGTON—The operators of a Georgia-based debt collection business that allegedly used false claims and threats to get people to pay debts – including debts they did not owe or that the defendants had no authority to collect – have been banned from the debt collection business and from buying or selling debt, under settlements with the Federal Trade Commission.
MADISON, Wis.– The National Credit Union Foundation said it has opened CUAid to receive disaster relief funds to assist credit union people affected by Hurricane Florence.
WILMINGTON, N.C.–Credit unions across the Carolinas and
WASHINGTON—A bill establishing national data breach notification requirements for all financial entities – including the credit bureaus – is slated for review today by the House Financial Services Committee, which will also mark up two other key bills.
AUSTIN, Texas—For a credit union to be successful and overcome challenges–such as having the mortgage department all resign on one day–one CEO says it first must find its “true north.”