ALEXANDRIA, Va.–NCUA again stated that there should be no more Corporate Stabilization Fund assessments, and confirmed that federally insured credit unions will not pay a Share Insurance Fund premium this year—and possibly next.
Fresh Today
CHICAGO—Many U.S. smartphone owners are willing to switch platforms to get Apple Pay, according to a new report.
ARLINGTON, Va.—The House Wednesday passed H.R. 1210, the “Portfolio Lending and Mortgage Access Act,” which allows residential mortgage loans held in portfolio by credit unions and other lenders to be treated as qualified mortgages (QM) for the purposes of the CFPB’s mortgage lending rules.
ARLINGTON, Va.– NAFCU Regulatory Affairs Counsel Alexander Monterrubio’s has sent a letter to the Consumer Financial Protection Bureau regarding credit union concerns with a future payday lending rulemaking.
WASHINGTON–The Consumer Financial Protection Bureau has taken action today against an online lender, Integrity Advance, LLC, and its CEO, James R. Carnes, for deceiving consumers about the cost of short-term loans.
FONTANA, Calif.–Chuck Papenfus, president and CEO of Inland Valley FCU, has been named board chairman of the California Credit Union League.
MADISON, Wis.–A new white paper from the CUNA Operations Sales & Service Council, “Key Elements to an Effective BSA-AML Compliance Program,” explores how credit unions execute internal operations necessary to meet BSA-AML compliance.
WASHINGTON—The American Bankers Association wasted little time in challenging NCUA’s new field of membership proposal, sending a letter to NCUA Wednesday before the proposal is voted on today in the agency’s open board meeting.
MADISON, Wis.–Credit unions added more than 1.5 million new members during the third quarter of 2015, the fastest growth quarter in credit union history and significantly above the 808,000 added in the third quarter of 2014, according to CUNA Mutual’s latest Trends Report.
WASHINGTON–The Department of Justice is reportedly pursuing criminal charges against executives at Royal Bank of Scotland and JPMorgan Chase related to selling flawed mortgage securities.