WASHINGTON–CUNA has submitted a letter to the CFPB detailing each of the ways the agency’s rulemakings have affected, “and in many cases harmed,” America’s roughly 6,000 credit unions and their 110-million members.
Fresh Today
DELRAY BEACH, Fla.— The $980-million IBM Southeast Employees CU here said it has completed the acquisition of the $109-million Mackinac Savings Bank in Boynton Beach, Fla.
ARLINGTON, Va.—Federal Reserve Board Gov. Lael Brainard's recent comments on the federal funds target rate indicate a June rate hike is likely, said NAFCU Chief Economist and Director of Research Curt Long.
WASHINGTON—To address concerns over the limited availability of state-certified and -licensed appraisers, particularly in rural areas, the Federal Reserve, FDIC, OCC and NCUA have issued an advisory that highlights options to help insured depositories and bank holding companies facilitate the timely consideration of loan applications.
CHICAGO—A group of financial institutions, largely credit unions, have received a $5.2-million settlement in a class action lawsuit against Kmart over a data breach.
WASHINGTON—Representatives of NAFCU and its member credit unions met with CFPB staff this week at the Bureau’s headquarters to discuss small-business lending and the potential impact on credit unions of a Dodd-Frank Act data collection requirement regarding women- or minority-owned small businesses.
NEW YORK–U.S. home prices rose but did not appreciate as much as had been projected during March, according to the latest S&P/Case-Shiller U.S. National Home Price Index.
MUSKEGO, Wis.–In order to meet the credit union industry’s growing need for balance sheet optimization services, Corporate Central Credit Union said it has launched a new, wholly owned credit union service organization called QuantyPhi.
ONTARIO, Calif.–CU Direct will host a brand-new webcast offering an updated and in-depth auto analysis of the auto lending performance today at 2 p.m. ET/11 a.m. PT.
ALEXANDRIA, Va.–NCUA has issued four notices of prohibition to individuals who have been convicted of crimes of dishonesty and, as a result, are prohibited from participating in the affairs of any federally insured financial institution.