ALEXANDRIA, Va.—When the NCUA board meets Thursday it will receive a briefing on the National Credit Union Share Insurance Fund quarterly report and address the Central Liquidity Facility’s 2025-2026 budget.
Fresh Today
WASHINGTON—A new alert from FinCEN is a stark reminder that credit unions need to take steps to address the growing wave of fraud driven by generative AI.
WASHINGTON—Consumer reports about unwanted calls continue to drop for the third straight year, with complaint volume down by more than half since 2021, the Federal Trade Commission reported, citing data from its just-released National Do Not Call Registry Data Book for Fiscal Year 2024.
NEW YORK—U.S. consumers’ credit card debt continues to rise, reaching a new record high at the end of September, according to a new report from the New York Federal Reserve.
WASHINGTON — The CFPB has released the annual report of the CFPB Student Loan Ombudsman, highlighting the “severe” difficulties reported by student borrowers due to persistent loan servicing failures and program disruptions.
WASHINGTON—As CUToday.info reported, Rep. French Hill (R-AR) recently released a set of principles to support community-based financial institutions, including credit unions. Hill is seeking feedback on the policies through the end of the year.
WASHINGTON—The Defense Credit Union Council (DCUC) has sent a letter to Senators Elizabeth Warren (D-MA) and (R-LA) John Kennedy ahead of the Senate Finance Subcommittee hearing, “Tax Policy in 2025: Implications for the American Economy.”
PORTLAND, Ore.—Payfinia CUSO, which supports an open payments platform for credit unions, has opened its doors for business backed by a $4.5-million investment from Star One Credit Union, the organization reported.
WASHINGTON—Leaders from America’s Credit Unions, the New York Credit Union Association, and New York credit unions met with Rep. Claudia Tenney (R-NY) following her recent remarks regarding credit unions.
MIAMI—While relief is likely coming for auto loan borrowers through additional Fed rate cuts, the average interest rate on auto loans rose by as much as 2% between Q2 2024 and Q3 2024, WalletHub reported.