ARLINGTON, Va.—NAFCU is hosting a webinar today to discuss the increased regulatory scrutiny over fees, what may qualify as a “junk fee,” and the ways a credit union can evaluate their current fees.
Fresh Today
ALEXANDRIA, Va. –New credit union financial performance data released by NCUA show delinquencies, especially in credit cards, taking a jump during the second quarter of the year, with credit unions responding by significantly increasing their provisions for loan losses.
TOWN OF WATERTOWN, N.Y.– In a highly unusual development, members of St. Lawrence FCU have voted against merging into a much-larger credit union.
WASHINGTON–Credit union loans outstanding increased 0.7% in July, compared to a 0.7% increase in June of 2023 and a 1.6% increase in July of 2022, according to CUNA’s latest Monthly Credit Union Estimates.
WASHINGTON—Both NAFCU and CUNA are asking NCUA to make adjustments to its proposed changes to operating fee structure methodology.
WASHINGTON–In an action that actually goes back nearly 10 years, the Consumer Financial Protection Bureau agreed to pay $6 million to settle an employment discrimination lawsuit filed by current and former Black and Hispanic employees.
WASHINGTON– The former Wells Fargo executive who largely oversaw the bank’s massive fake accounts scandal has been sentenced to more than a year in prison.
PLYMOUTH, Mich.–When the Detroit Lions kick off the 2023 NFL season tonight, members of Community Financial Credit Union will have the opportunity to boost the APY on a new certificate depending on the team’s performance.
LAKE MARY, Fla.–Addition Financial Credit Union has joined with three other partners to launch a financial literacy program for preschools.
WASHINGON–Even in the face of strong borrowing by consumers, a growing number of financial institutions and analysts are expecting inflation to further cool, according to the Federal Reserve’s newest Beige Book report.