WASHINGTON—The CFPB has defended the constitutionality of its single-director structure in a legal brief filed in the PHH Corp. lawsuit.
Fresh Today
SAN ANTONIO–Roy MacKinnon, CEO of Edwards FCU, was presented with the Lifetime Achievement Award by the CUNA Marketing and Business Development Council here during its annual meeting. The award is the highest honor presented by the Council.
WASHINGTON—Consumer inflation – the Federal Reserve's preferred inflation index – exceeded its 2% target for the first time in nearly five years, according to Commerce Department data. As a result, NAFCU Chief Economist and Director of Research Curt Long said credit unions should be preparing for the next quarter-point rate hike, possibly in June.
IRVINE, Calif.– Home affordability hit an eight-year low during the first quarter of 2017, according to a new analysis.
ST. PAUL, Minn.–City & County Credit Union has selected CU Student Choice to provide it with both private student loans and consolidation programs.
WASHINGTON—House Financial Services Subcommittee Chairman Blaine Luetkemeyer (R-MO) is urging lawmakers in the House Appropriations Committee to use the appropriations process to grant credit unions and small financial institutions regulatory relief.
ROHNERT PARK, Calif.–A former employee of Patelco Credit Union now faces up to a 33-month prison sentence for embezzling more than $250,000 by making unauthorized withdrawals from member accounts.
VIENNA, Va.–Navy FCU, the largest CU in the world, has been listed as the No. 22 company on People Magazine’s first annual “50 Companies That Care” list.
DETROIT–The mortgage and home buying markets continue to be hot, but many American cities are increasingly comprised of renters.
ST. PETERSBURG, Fla.—PSCU has named Brian Scott as its new SVP of Sales and Solutions Consulting.