WASHINGTON—A recession may be a little further off in 2023, but the likelihood of an economic downturn is now greater due to the recent issues among banks, according to a new forecast from Fannie Mae, which added the bank troubles may eventually resemble the savings & loan crisis from the 1980s.
Fresh Today
LAS VEGAS–Credit unions and CUSOs here were given an update on the latest legal issues affecting their operations and decision-making.
LAS VEGAS–One of the greatest National Football League players of all time shared stories here with credit unions on the indirect start to his football career, who his mentors were, a few war stories and more.
LAS VEGAS–There are numerous lessons credit unions can learn from Disney, and they are anything but Mickey Mouse, according to one expert on sales and training.
CFPB Says State Disclosure Laws on Lending to Businesses in 4 States Do Not Preempt Truth in Lending
WASHINGTON—The Consumer Financial Protection Bureau (CFPB) said it has determined state disclosure laws covering lending to businesses in California, New York, Utah, and Virginia are not preempted by the federal Truth in Lending Act.
WASHINGTON—The safety and soundness of credit unions was emphasized by NAFCU and CUNA, which each submitted letters to the Senate Banking Committee ahead of its hearing this week to examine the Silicon Valley Bank and Signature Bank collapses.
WASHINGTON—A credit union executive testifying before a House committee said the CFPB’s proposed section 1071 rulemaking will negatively impact small business lending by adding compliance burdens, costs and friction to small business relationships.
WASHINGTON—Credit unions support the goals of section 1071 of the Dodd-Frank Act, but are concerned about increased costs, CUNA wrote to the House Small Business Subcommittee on Economic Growth, Tax, and Capital Access.
WASHINGTON–The FDIC’s chairman said a comprehensive review of the federal bank deposit insurance system, as well as a review of the supervision by the deposit insurance agency of one of the two recently failed banks, will be conducted and reported by May 1, the leader of the agency said in testimony Monday.
ST. PETERSBURG, Fla.—PSCU will again be the lead sponsor of this weekend's high-profile Credit Union Cherry Blossom Ten Mile Run, which takes place among the well-known monuments and other attractions in the nation's capital. The event benefits Children's Miracle Network hospitals.