WASHINGTON—CUNA expects there will be much upcoming activity around implementation of new provisions of the Anti-Money Laundering Act of 2020.
THE news
MOORHEAD, Miss.–One credit union’s effort to step in and fill a void created when a bank closed a branch in a small town and created a “banking desert” has been recognized in the national media.
WASHINGTON—The Consumer Financial Protection Bureau has filed suit against a student loan debt relief company, its owner, and manager for allegedly charging thousands of consumers more than $3.5 million in illegal upfront fees.
NEWARK, N.J.—Another credit union is facing a lawsuit that alleges unfair overdraft practices.
FRASER, Mich.–NCUA has issued a cease-and-desist order against a credit union here related to its servicing of cannabis businesses and inadequate filing of Suspicious Activity Reports (SARs).
NEW YORK–Some Americans may have had their federal stimulus payments deposited into their accounts over the weekend, but several of the nation’s largest banks said they will not be providing access to those deposits until March 17.
ALEXANDRIA, Va.– Differences in how credit unions performed by state can be seen in the latest Quarterly U.S. Map Review from NCUA, with Oregon and Nevada leading the way in asset growth, while assets grew least in Washington, D.C. and Arkansas.
WASHINGTON—The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased in February by 1.2 points to 76.5. Four of the HPSI’s six components fell month over month, including most notably the homebuying conditions and household income components.
WASHINGTON—Total consumer credit fell for the 10th time in the past 12 months, declining 0.4% in January on a seasonally-adjusted, annualized basis.
MADISON, Wis.–Deposits continued to flow into credit unions in January at an unusually high rate, right? Wrong, according to CUNA’s latest Monthly Credit Union Estimates.