ARLINGTON, Va.–NAFCU’s chief economist has authored a response to an opinion piece that appeared in U.S. News & World Report that called for doing away with the credit union tax exemption.
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WASHINGTON–Among several letters CUNA sent to Congress and regulators Wednesday, the trade association is asking the CFPB to re-issue for public comment changes to Regulation CC (Expedited Funds Availability Act) issued by the Federal Reserve in 2011.
CLEVELAND — Federal Reserve Chairwoman Janet L. Yellen told a meeting here that the Fed plans to continue raising its benchmark interest rate even though recent inflation numbers have not hit targets the central bank has been looking for.
BEAVERTON, Ore./MOUNTAIN VIEW, Calif.–First Tech FCU said it has now gone live with Zelle in its mobile banking app.
NEW YORK–New research offers insights into how consumers view various bank brands, as well as their level of trust in banks overall.
SINGAPORE—In southeast Asia, a new report suggests that taxis are not just serving as a means for getting from point A to point B—they are also serving as sort-of mobile banks, complete with their own currency in some cases.
ONTARIO, Calif.–The California Legislature has closed the first portion of the 2017-2018 legislative session and the California CU League is reporting a number of CU-backed measures have been passed, including new regulatory improvements to the Property Assessed Clean Energy (PACE) lending market.
WASHINGTON—While no changes to credit unions' federal tax exemption were proposed in the Republicans' latest tax reform framework released today, NAFCU and CUNA said they will continue to tout the importance of the exemption to CUs and the economy as Congress begins its work on this issue.
ARLINGTON, Va.—While credit unions are confident they'll meet the Jan. 1, 2018, compliance deadline for key changes to reporting requirements under the Home Mortgage Disclosure Act (HMDA), only one-in-10 have received final updates from their vendors to implement the new data points, according to NAFCU's latest Economic & CU Monitor survey report.
WASHINGTON—The Department of Labor's (DOL) overtime rule should be revised with more flexibility and reasonable benchmarks to ensure the credit union industry isn't harmed by the rule, NAFCU wrote in a comment letter to the department.