As Memorial Day Approaches, Group Says 1 Lender, Bank Engaged in ‘Predatory’ Practices Against Military Members 05/26/2022 07:23 pm WASHINGTON–A new report alleges “predatory lending practices” by EasyPay Finance and Utah-based, FDIC-supervised Transportation Alliance Bank (TAB Bank) are hurting military servicemembers, veterans, and their families.
NAFCU Urges No Action Be Taken on One Issue; CUNA Urges Action Be Taken on Another 05/26/2022 07:31 pm WASHINGTON—Both NAFCU and CUNA have sent letters to different audiences in Washington, one letter asking that no action take place, another asking that action does occur.
Fed Minutes Show Likelihood of Ongoing Rate Increases 05/26/2022 07:19 pm WASHINGTON–Newly released minutes from the most recent meeting of the Federal Reserve’s Open Market Committee show officials believe they need to move “expeditiously” to raise rates to fight inflation.
NCUA Letter Clarifies Expectations Around CUs Contemplating Distributed Ledger Technologies 05/26/2022 07:19 pm ALEXANDRIA, Va.–NCUA has issued a new Letter to Credit Unions that clarifies certain expectations for credit unions contemplating the use of new or emerging distributed ledger technologies (DLT).
AACUC Opens Up Registration for Annual Conference 05/26/2022 07:14 pm SNELLVILLE, Ga.–The African American Credit Union Coalition (AACUC) has opened up registration for its 24th Annual Conference. The meeting is scheduled for Aug. 23-27 at the TradeWinds Island Resorts in St. Petersburg, Fla.
Senate Bill Seeks to Update CU Board Meeting Requirements 05/26/2022 07:34 pm WASHINGTON–A bipartisan bill has been introduced in the Senate that seeks to update credit union board meeting requirements.
A 'Game' Credit Unions are Losing 05/26/2022 08:58 pm PHILADELPHIA—Credit unions need to “face the facts” that car loans are just not being originated like they once were at the branch, and that they are also losing out in the “trust” game to fintechs when it comes to auto loans, according to one automobile industry analyst.
