WASHINGTON—House leaders continue to be urged by both credit union trade organizations to delay the Labor Department’s overtime rule so businesses will have more time to comply.
One pending piece of legislation, HR 6094, the Regulatory Relief for Small Businesses, Schools, and Nonprofits Act, would delay the current rule’s implementation deadline of Dec. 1, pushing it to June 1, 2017.
Fresh Today
NEW YORK–Goldman Sachs has released more details around its new foray into online consumer lending.
WASHINGTON–Mortgage volume has declined slightly, with some analysts saying it’s the result of consumers waiting for rates to decline even further.
WASHINGTON–Since the EMV liability shift, delays by the card industry have left thousands of new chip readers unused and consumers with far less improvement in security than what was sought by merchants, according to the National Retail Federation.
NEW LONDON, Conn.–Eight years after NCUA shuttered a credit union here as the result of fraud the final 13 account holders who lost some of their deposits are now receiving some of the money back.
WASHINGTON—Wells Fargo CEO John Stump received more tough treatment in front of Congress Thursday, as members of the House Financial Services Committee accused him of running "a criminal enterprise," stating he should be fired or even jailed.
WASHINGTON—The CFPB is reporting that during September it surpassed a milestone by handling more one-million complaints, including those that are included as part of the Bureau’s latest monthly complaint snapshot.
WASHINGTON—The CFPB’s latest monthly complaint snapshot highlights consumer complaints about money transfers, and further reveals consumers continue to experience issues when attempting to resolve problems with disputed transactions.
WASHINGTON–The U.S. Supreme Court has agreed to hear an appeal of a case involving a ban on credit card surcharges in the state of New York.
TACOMA, Wash.–CU Strategic Planning is reporting its client credit unions topped more than $70 million in funds as part of the Treasury’s 2016 CDFI Awards.