WASHINGTON— Concerns over the CFPB’s “efforts to demonize commonsense incentives that promote financial responsibility” have been expressed by Republican members of the Senate Banking Committee in a letter to the Director Rohit Chopra.
Fresh Today
CLEVELAND–While most officials with the Federal Reserve are focused on longer-run inflation expectations data to divine future price pressures, a new report from the Cleveland Fed said shorter-run expectations may be the more important factor to watch right now.
RALEIGH, N.C.–A new effort to overhaul North Carolina’s 50-year-old credit union statutes “promises a high-stakes, big-money fight between traditional banks and credit unions looking to expand,” according to a new report.
ST. PETERSBURG, Fla.– During March, slowing economic growth was prevalent in multiple key indicators, including consumer purchasing behavior, according to the newest PSCU Payments Ind
WASHINGTON—CUNA has sent a pair of letters to Capitol Hill, the first in advance of a hearing today, the second in response to an earlier attack by a bankers’ group.
RALEIGH, N.C.–Rose Connor, administrator of North Carolina’s Credit Union Division, has announced plans to retire on July 1.
ALEXANDRIA, Va.–NCUA said it will host a webinar on May 3 explaining its Simplified CECL Tool, which the agency said was created to help small credit unions implement the Current Expected Credit Losses accounting standard.
TAMPA, Fla.– GTE Financial Credit Union has introduced a new program through which employees can qualify for loan discounts.
FOZ DE IGUAÇU, Brazil—World Council of Credit Unions’ President and CEO Elissa McCarter LaBorde encouraged a crowd of Brazilian credit union women and youth gathered here to “show up and put their best selves forward” by connecting with different cultures through the international network available to them.
NEW YORK–The nation’s largest bank said it now expects its senior staff to be back in the office five days per week. In addition, JPMorgan Chase & Co. reminded other employees on hybrid schedules that attendance is expected three days a week at a minimum.