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.
ATLANTA—A federal judge has issued final approval on a $25-million settlement between Home Depot and financial institutions involved in a class action lawsuit against the company.
MADISON, Wis. ̶ TruStage, CUNA Mutual Group’s consumer brand, announced its simplified-issue term life product has exceeded $1 billion in consumer coverage—double the amount since July.
ATLANTA – The CEO of Equifax is out.
IRVINE, Calif.—A new analysis has found a 16.9% increase in mortgage application fraud at the end of the second quarter as compared to one year earlier.
MERRILL, Wis. – First Street Coffee Station said it will open a second location inside Park City Credit Union’s new headquarters here.
PURCHASE, N.Y.—While an increasing number of unbanked people around the globe are getting access to more formal financial tools, many are not using them very frequently and are instead continuing to rely on cash, notes Mastercard.
NEW YORK–Has a new startup stepped into a lending niche credit unions should consider?
PURCHASE, N.Y.—Another development for credit unions to be paying attention to: The lines between digital and physical are being removed inside retail stores.
