SAN FRANCISCO–A higher percentages of African-American and Hispanic/Latino American employees experienced unmanageable levels of financial stress and were more likely to exhibit financial wellness behaviors considered to be keeping them in a “cycle of low financial wellness,” according to a new analysis.
Fresh Today
HUDSON HOPE, B.C.–North Peace Savings & Credit Union here, along with Chesterfield, Mo-based NewGround, have won recognition with an Achievement in Marketing (AIM) award from the Marketing Association of Credit Unions (MACU) for their new service center in Dawson Creek, B.C.
ALEXANDRIA, Va. –During its meeting today, the NCUA board issued a proposed rule it said will provide consistency with other federal financial institutions regulators in the supervisory appeals process.
ALEXANDRIA, Va.–An investigation by NCUA staff of the kinds of compensation paid to CU senior execs and board members as the result of mergers turned up some questionable practices.
ALEXANDRIA, Va. –The NCUA Board has put out for comment a proposed rule aimed at providing greater transparency to members of federal credit unions that are seeking a voluntary merger when it comes to benefits and compensation that may be paid to executives and board members of the CU that is being acquired.
WASHINGTON–The credit union trade groups are expressing disappointment over the news that language repealing the Durbin Amendment would be stripped out of the Financial CHOICE Act.
WASHINGTON– The National Retail Federation is reporting that the House will drop a provision that would have repealed the Durbin Amendment from legislation on which it is expected to vote in June.
WASHINGTON–An appeals court hearing on the constitutionality of the structure of the Consumer Financial Protection Bureau appeared to be divided along partisan lines, according to observers.
ALEXANDRIA, Va.–NCUA Chairman J. Mark McWatters has sent a letter to CFPB Director Richard Cordray regarding granting an exemption to credit unions for its rules on small-dollar loans, the Home Mortgage Disclosure Act, and UDAAP.
SAN FRANCISCO—More consumers today have credit cards than before the Great Recession. However, only those with excellent credit are seeing their lines significantly extended, according to a new report.