ALBANY, N.Y./TALLHASSEE, Fla.—The League of Southeastern Credit Unions & Affiliates and the New York Credit Union Association announced that they have amicably agreed to suspend their collaborative partnership.
Fresh Today
WASHINGTON–Both NAFCU and CUNA said they are pleased to see the CFPB has made a number of requested clarifications in its Truth in Lending Act-Real Estate Settlement Procedures Act integrated disclosure (TRID/RESPA) rule, but both groups are also calling for additional changes in the final rule.
BOSTON–Battery Ventures, a global investment firm, reported it has reached an agreement to acquire Bluepoint Solutions, a privately owned, financial technology company based in Henderson, Nev., that has numerous credit unions as clients.
DES MOINES, Iowa–Credit unions are being warned that payments and related services account for roughly two-thirds of the largest financial institutions’ revenue, and consumers are beginning to turn elsewhere for these services.
WASHINGTON–NAFCU and CUNA have outlined ways they believe NCUA can improve its examination and supervision processes.
WASHINGTON–NAFCU staff met with senior staff of the House Financial Services Committee to discuss the “Financial CHOICE Act” from committee Chairman Jeb Hensarling (R-TX) to discuss reducing the regulatory burden.
ALEXANDRIA, Va.-The $20-billion PenFed Credit Union said it is reaffiliating with CUNA, but it will not be reaffiliating with the Virginia league.
LAWRENCEVILLE, Ga.– Two Georgia credit unions have announced plans to merge.
WASHINGTON—CUNA has sent a comment letter to the CFPB sharing concerns it has over the Bureau’s implementation of parts of the Fixing America’s Surface Transportation Act (FAST Act) amending the Gramm-Leach-Bliley Act (GLBA).
WASHINGTON–In a rare display of bipartisanship, the Senate has voted in favor legislation that would have the Federal Housing Administration (FHA) lighten up on its condo financing regulations and make low down payment FHA loans more available to the people they are supposed to serve — moderate-income buyers, many of them minorities and first-time purchasers, who turn to condominiums as their most affordable option.