MONTREAL, Quebec—Two former NCUA board members Friday pulled back the curtains on what goes on behind the scenes at the agency, talking about disagreements between board members, how policy is formed, and whether real regulatory relief is coming for credit unions.
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LAKE FOREST, Ill.—The CFPB Thursday released three years of complaints consumers have made against financial companies, and the data shows that overdrafts are low on the list of services that trouble Americans, reports one economist, who suggests the CFPB should pay close attention to what consumers are saying.
MONTREAL, Quebec–NCUA Chairman Debbie Matz’s remarks at NAFCU’s annual meeting here in which she outlined six different areas of focus for regulatory relief were met with “strong disapproval” from the American Bankers Association.
ARLINGTON, Va.–The National Association of State CU Supervisors responded to NCUA Chairman Debbie Matz’s remarks that she is “committed to supplemental capital in full” by saying it welcomes the support.
WASHINGTON—The Consumer Financial Protection Bureau (CFPB) has gone live with an enhanced public-facing consumer complaint database that includes for the first time more than 7,700 consumer accounts of problems they are facing with financial companies concerning mortgages, bank accounts, credit cards, debt collection, and more.
WICHITA, Kan.–Byron Stout, vice president of human resources for Meritrust Credit Union since 2007, has died after a battle with cancer.
MONTREAL, Quebec—Saying the payment space is undergoing a period of disruption and innovation not seen since plastic cards were introduced, one MasterCard executive encouraged CUs to stay abreast of all the change and get involved in digital wallets that are emerging.
ALEXANDRIA, Va.–NCUA is reminding that credit unions have until July 7 to comment on the Consumer Financial Protection Bureau’s proposal to delay the effective date of a significant mortgage disclosure regulation.
MONTREAL, Quebec–During its annual meeting here, NAFCU partnered with Welcome Hall Mission in a project in which attendees assembled 200 backpacks that will be donated to disadvantaged children in Montreal who are in need of school supplies.
NEW YORK—A new study shows consumers continue to open their mobile banking apps at a higher rate as they steer further away from branches.