The ‘Like-New’ Index That’s Increasingly Popular in Forecasting Inflation 09/29/2021 07:45 pm NEW YORK–Forget looking at what’s under the hood. For an increasing number of economists, used car prices is the index getting the most scrutiny when it comes to inflation.
New Data Offer Insights Into How Pandemic Has Affected Mortgage Performance 09/29/2021 07:43 pm WASHINGTON–New federal data that reviewed 23% of all residential mortgage debt outstanding at the end of Q2 2020—the first quarter of the COVID-19 pandemic–shows showed that 95% of loans were current and performing at the end of Q2 2020, up from 91.1% at the end of Q2, the first quarter of the COVID-19 pandemic.
…As CUNA Expresses Concerns to Senators Over Privacy, Security Issues 09/29/2021 07:46 pm WASHINGTON—Privacy and data security concerns are among the top issues with proposed increased IRS reporting requirements for financial institutions, CUNA wrote to Sens. Tommy Tuberville (R-AL) and John Thune (R-SD) Tuesday in support of their bill that would prevent a proposal requiring financial institutions to report large amounts of account information to the Internal Revenue Service (IRS) from being implemented (see related story).
Senator Offers Bill to Block IRS from Collecting Data… 09/29/2021 07:46 pm WASHINGTON—Senator Tommy Tuberville (R-AL) is the latest to join efforts to block the IRS proposal that would require financial institutions to report on transaction data and account balances.
CUNA Calls on Congress to Protect CUs’ Ability to Serve Members 09/29/2021 07:46 pm WASHINGTON—Congress must take legislative action to ensure credit unions remain in a position to serve their more than 120 million members, CUNA wrote to Senate Banking, Housing, and Urban Affairs Committee leadership.
During Confirmation Hearing, Harper is Asked About Expanding NCUA Board; New CFPB Director Approved 10/01/2021 09:34 am WASHINGTON–During his confirmation before the Senate Banking Committee, NCUA Chairman Todd Harper was asked what he thinks about expanding the NCUA board, while also saying NCUA's lack of third party oversight authority creates a "blind spot."
Iowa's Dupaco Community CU Reaches Across State Line to Acquire Bank 10/01/2021 07:50 am DUBUQUE, Iowa—Dupaco Community Credit Union is reaching across state lines to acquire Home Savings Bank, a wholly-owned subsidiary of Home Bancorp Wisconsin, Inc.. in Madison, Wis.
The Exes in Texas Are About to Include a Credit Union 09/30/2021 10:05 pm ARLINGTON, Texas – Two Texas credit unions have announced plans to merge.
Peach State FCU Opens New Branch 10/01/2021 12:04 pm YOUNG HARRIS, Ga. – Peach State FCU hosted a ribbon cutting ceremony to celebrate the grand opening of its new branch located at 693 Main Street in Young Harris.
