CORK, Ireland–Four credit unions here have partnered to pilot a loan program specifically tailored to the local farming community.
Fresh Today
LONDON–The United Kingdom’s Financial Conduct Authority (FCA) has published the results of its review of the high costs for many consumers in obtaining credit from what is the equivalent here of payday lenders in the U.S., and concluded that some proposals that have been put forward could save borrowers up to £140 million a year in interest charges. The U.K.’s credit unions said they welcome they findings.
ARLINGTON, Va.–Credit unions could be facing a wave of class-action suits related to overdrafts policies.
WASHINGTON—A federal regulator determined Wells Fargo wasn't the only U.S. bank that opened accounts not authorized by customers—but has no plans to identify the institutions publicly.
WASHINGTON—The nominee to head the Bureau of Consumer Financial Protection is likely to be in for a contentious fight for approval in the Senate, with some observers saying the nomination was only made so that current acting director Mick Mulvaney can remain in the post.
WASHINGTON – President Donald Trump has nominated Rodney Hood to serve on the NCUA board.
WASHINGTON–Following the news that President Donald Trump is expected to nominate Kathy Kraninger to head the Bureau of Consumer Financial Protection, CUNA emphasized that it remains focused on issues within the Bureau that lead to overregulation of credit unions.
BOSTON–The recreational marijuana business will become legal in Massachusetts in July, but there won’t be any financial institutions ready to do business with them.
WASHINGTON—Looking closely at regulatory relief provisions contained in the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155), CUNA is offering more detail around how it says the bill affects the Home Mortgage Disclosure Act (HMDA).
FREEPORT, Ill.–Members of Milledgeville Community Credit Union have voted in favor of merging into Cornerstone Credit Union.