WASHINGTON—With a legal challenge to the rule pending, the Federal Trade Commission has issued an order postponing the effective date of the Combatting Auto Retail Scams (CARS) Rule.
Fresh Today
DALLAS–ALM First, which offers depositories offering commission-free, fee-based advice, is reporting it has now assisted in more than half of all public industry securitizations, playing a role in seven of the 11 such transactions to date.
MADISON, Wis.–A webinar titled “Finding and Securing the Future of the Credit Union Movement in the Age of Digital Transformation” will be hosted by the World Council of Credit Unions on Jan. 31.
WASHINGTON—The Federal Trade Commission is sending more than $1.2 million in refunds to consumers who lost money to Consumer Defense, a deceptive mortgage modification scheme.
ALEXANDRIA, Va.–In a new Letter to Credit Unions, NCUA has outlined its supervisory priorities and other updates for its 2024 examination program.
WASHINGTON–Although it indicated it will lay off as much as a third of its workforce, America’s Credit Unions, the trade group formed by the merger of NAFCU and CUNA, said it has not made any decisions on who will be let go.
WASHINGTON—The housing market should begin a gradual return to a more normal balance in 2024, following years of significant oscillations in mortgage rates and divergences of key housing market measures from their historical, pre-pandemic relationships, according to the January 2024 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.
WASHINGTON—With a request that it “fix an oversight” to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) when marking up the tax proposal announced earlier last week, America’s Credit Unions has sent a letter to the House Ways and Means Committee and Senate Finance Committee.
ALEXANDRIA, Va.–NCUA is reporting federal credit union operating fees will increase by an average of approximately 16.36% in 2024.
OREGON CITY, Ore.–Two Portland-area credit unions have announced plans to merge and create a multi-billion-dollar CU.