PLANO, Texas—The number of smartphone users is expected to more than double by 2020, according to a new report.
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NEW YORK—Small business lending approval rates at credit unions experienced a slight increase in May over the previous month, but overall CUs have been a relatively stagnant business lender over the last year, according to Biz2Credit.
LAKE FOREST, Ill—As CUToday.info was first to report, the CFPB published a rule Wednesday that allows the agency to supervise larger nonbank auto finance companies for the first time.
WASHINGTON—A half-dozen bills of interest to credit unions and currently before Congress will be in the spotlight during a hearing today by the House Financial Services Committee.
WASHINGTON—With Aug. 1 fast approaching, support for a bill that would provide a temporary safe harbor from the enforcement of integrated disclosure requirements for mortgage loan transactions under CFPB’s TILA-RESPA Integrated Disclosures (TRID) regulation continues to grow.
LAWRENCEVILLE, Ga.—The decline in used car values increased in May, according to the latest report from Black Book. The average price of a used vehicle for model years 2009-2013 declined -1.2% in May, compared to April when prices were largely unchanged, the company stated.
LONDON—Another report suggests it’s still way too early to work on your eulogy for the death of the branch.
WASHINGTON—NAFCU and CUNA have joined with two banking industry trade groups in urging Congress to support an amendment to HR 1735, the National Defense Authorization Act for Fiscal Year 2016. Offered by Sen. Richard Burr of North Carolina, the amendment contains the text of the Cybersecurity Information Sharing Act (S. 754), which was recently approved on a near-unanimous and bipartisan basis by the Select Committee on Intelligence.
MADISON, Wis.–To highlight National Employee Wellness Month in June, the National Credit Union Foundation plans to hold a Twitter chat on Thursday, June 18 at 3 p.m. (CT) to discuss how credit unions include financial wellness as part of their internal programs.
PLANO, Texas—Catalyst Corporate FCU is reporting that for the second year in a row it has been given a score of 70% by its member credit unions as part of a Net Promoter Score survey.