LANSING, Mich.–The Michigan Credit Union League (MCUL) has announced the results of its 2023 board election, while the Minnesota CU Network has honored its just-retired CEO.
Fresh Today
WISCONSIN DELLS, Wis.–Corporate Central Credit Union held its Annual Meeting at the Kalahari Convention Center here where it said it celebrated the “Culture & Climate” theme of the Wisconsin Credit Union League’s Annual Convention, which ran in conjunction with the event.
WASHINGTON—The Federal Reserve has opened its 2023 Community Development Financial Institution (CDFI) survey for 2023, which the Fed said is used to gather information around the work of CDFIs.
WASHINGTON – A coalition of consumer groups has filed an amicus brief with the Supreme Court in support of the CFPB’s funding structure, stating the Fifth Circuit's “radical and unprecedented decision” in the case of CFPB vs. CFSA, if upheld, would “undermine the critical work of the Consumer Financial Protection Bureau (CFPB) in protecting consumers and enforcing regulations against deceptive practices by Wall Street and predatory lenders.”
WASHINGTON—The Federal Housing Finance Agency (FHFA) has issued a request for information (RFI) on the government-sponsored enterprises’ (GSEs) single-family pricing framework.
WASHINGTON—The Federal Trade Commission said it has stopped a pair of student loan debt relief schemes it said “bilked” students out of approximately $12 million by using deceptive claims about repayment programs and loan forgiveness that did not exist.
WASHINGTON–As one of four regulators who testified here before a House hearing on oversight, NCUA Chairman Todd Harper largely escaped most of the questions as members of Congress instead pressed banking regulators over the recent failures of several large banks, but he did respond to questions over CRA and NCUA’s recent request for information on climate change.
WASHINGTON–Three banking regulators were grilled by members of Congress during a hearing here over the recent failures of several large banks, with several asking why no one was fired by the regulators for what one congressman called “incompetence.”
NEW YORK–Total consumer debt hit a fresh new high in the first quarter of 2023, pushing past $17 trillion even amid a sharp pullback in home borrowing, according to the New York Federal Reserve.
RANCHO CUCAMONGA, Calif.—After strong card spending by credit union members during March, there was more “muted” spending activity during April, according to new data released by Co-op Financial Solutions that show a pivot to debit on certain purchases and the ongoing shift in delivery and subscription models.