WASHINGTON—The CFPB views credit unions’ payday alternative loans as a “good product” and wants to make room for those loans in its payday lending rulemaking, Bureau Director Richard Cordray told the Senate Banking Committee Thursday as he delivered his semiannual report to the panel.
Fresh Today
WASHINGTON—CUNA continues to express disappointment in the Consumer Financial Protection Bureau’s hesitation to use its exemption authority, and outlined in a letter a number of ways it says that decision is hurting consumers.
WINCHESTER, Va.—Donna Jennings, the former manager at the now defunct Winchester Community FCU, has been sentenced to 54 months in prison for embezzling over $1 million from the credit union.
NEW YORK—Marketers may have a host of new tools and media available to them, but their number-one challenge remains something as old as the field itself: knowing consumer’ needs, wants and attitudes.
ARLINGTON, Va.–NAFCU Services Corp. has added Velocity Solutions’ Overdraft Management Solutions to its Preferred Partner Profile.
INDIANAPOLIS—Indiana Members Credit Union said it will be a sponsor of the Indianapolis Indians starting with the 2016 baseball season.
ST. PAUL, Minn. – Stan Hollen, president/CEO of Co-op Financial Services, was presented the Minnesota Credit Union Foundation’s Credit Union Builder Award by CO-OP Shared Branching in recognition of his career accomplishments.
LAS VEGAS—A new study shows that leasing as a financing option for new vehicles has grown 76% since 2008.
OKLAHOMA CITY, Okla.–Seven credit unions in this state were honored by the Oklahoma State Senate for their assistance in commissioning a new piece of artwork that will be prominently displayed in the capitol rotunda.
VANCOUVER, B.C.–A new survey here has found a lot of young people are going to be disappointed when it comes to reading the will.