WASHINGTON–With the House not in session and the Senate in session for just two-and-a-half days this week, the credit union focus is on the status of legislation that would block the CFPB’s ban on forced arbitration clauses in financial contracts, such as credit cards.
WASHINGTON–A dip in mortgage rates to their lowest point in nearly a year is being credited for a surge in mortgage applications.
ARLINGTON, Va.—Total retail sales decreased 0.2% in August, in part due to a decline in online sales, NAFCU Research Assistant Yun Cohen said in a NAFCU Macro Data Flash Report.
WASHINGTON—Senate Commerce, Science and Transportation Committee Chairman John Thune (R-SD) said lawmakers should look into giving the Federal Trade Commission – the entity investigating the recent Equifax data breach – the leeway to possibly change its enforcement standards for protecting consumer data.
WASHINGTON—NAFCU has sent letters to the Federal Trade Commission, CFPB and NCUA requesting they work together to get to the bottom of the Equifax data breach and share their findings so credit unions can best help their members deal with this breach's impact.
WASHINGTON—The Independent Community Bankers of America (ICBA) has called upon the FDIC to put in place a two-year moratorium on approving any deposit insurance applications for industrial loan corporations (ILCs).
MADISON, Wis.–While Hurricane Irma’s damage to Florida has gotten most of the media attention, the World Council of Credit Unions is reminding that credit unions and their members in the Caribbean have also been devastated—and it’s raising funds to help.
BISMARCK, N.D.–The Credit Union Foundation of the Dakotas has launched the Dakota Credit Unions Care Campaign.
RALEIGH, N.C.–Coastal Credit Union is marking its 50thAnniversary with “50 Forward,” a contest that will enable participants to nominate a deserving nonprofit to win a $5,000 donation.
DUBLIN, Ireland–Some of Ireland’s credit unions are reporting a 10-fold interaction with younger adult members since they began rolling out digital loan service initiatives earlier this year.
