WASHINGTON–The question hanging over the CFPB’s arbitration rule—a proposal that drew tens of thousands of comments from consumer and business advocates—is less now about the finer points of the final rule than about whether the regulations will ever see the light of day at all, according to an analysis by Law.com.
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WASHINGTON—The CFPB has finalized its proposed six-month delay for its prepaid rule, announcing the rule will take effect April 1, 2018.
WASHINGTON–The Office of the Comptroller of the Currency (OCC) has acknowledged it failed to act on numerous “red flags” related to problems at Wells Fargo, and knew as far back as 2010 that there were at least “700 cases of whistleblower complaints” about the bank’s sales practices.
LAS VEGAS–Credit union human resources execs here were told to keep their heads on a swivel.
RANCHO CUCAMONGA, Calif. – CO-OP Financial Services said it will pay a shareholder dividend of $26.1 million for fiscal year 2016, raising to $393.7 million the total patronage amount made available by CO-OP since becoming a cooperative in 1996, the company reported.
MCLEAN, Va.–Renters are feeling better about their financial situations and expecting to stay put even if rents increase, while fewer are also expressing plans to work toward buying a home within the next few years.
ORLANDO––CSCU presented its Exceptional Marketing Ideas (EMI) Awards to 12 CUs during its recently held annual conference here.
ATLANTA—InterContinental Hotels Group has confirmed that the data breach it reported in February is larger than the company initially stated.
ARLINGTON, Va.—A newly released study sponsored by NAFCU, Allied Solutions and OnApproach outlines some of the key qualities and trade-offs for a variety of models for implementation of the Financial Accounting Standards Board's current expected credit loss (CECL) accounting standard, which starts taking effect for credit unions in fiscal years beginning after Dec. 15, 2020.
ARLINGTON, Va.—NASCUS is calling for an advisory council of federally insured credit unions intended to provide NCUA with advice and guidance about issues related to credit union federal share insurance regulation and supervision.