‘Sense of Normalcy’ in Labor Market Still More Than a Year Away, Forecasts CA/NV League Report 02/15/2022 07:39 pm ONTARIO, Calif.–The current state of a historically unusual labor market will not be reaching some “sense of normalcy” in California and Nevada until sometime between 2023 – 2025, according to a new forecast from the California and Nevada leagues.
Effort to Stop ‘Predatory Puppy Loans’ Launched by Consumer Groups 02/15/2022 07:38 pm WASHINGTON–Ahead of National Love Your Pet Day on Feb. 20, a coalition of consumer groups have launched a campaign to stop one bank from making what they call “predatory puppy loans.”
Another CU is Seeking a President/CEO, Plus Other Job Openings in the Gig 02/15/2022 07:39 pm GEORGETOWN, Del.–The number of executive positions being added to CUToday.info’s free job board, the Gig, continues to grow, with the latest addition being a CU seeking a new president and CEO.
PSECU Announces Plan to Remove NSF Fees, Cut Courtesy Pay Fee 02/15/2022 07:42 pm HARRISBURG, Penn.–Pennsylvania State Employees Credit Union said that effective March 1 it is removing non-sufficient funds (NSF) fees for all members. In addition, PSECU said its courtesy pay fee will be cut by 50% to $15 per transaction, from $30.
Fed Officials Push Back on Predictions of Early, Larger Rate Increase 02/15/2022 07:42 pm WASHINGTON–Officials with the Federal Reserve have begun pushing back on the prediction by some that it will raise interest rates prior to its March meeting, and further making it clear that when the Fed does move to raise rates the increase will be smaller than many have been predicting.
Federal Bank Oversight Agencies Issue Report on Result of Credit Risk Analysis 02/15/2022 07:39 pm WASHINGTON–Three federal agencies with oversight of the nation’s banks have released the 2021 Shared National Credit (SNC) Review Report.
Concerns Over Error Resolution Responsibilities When it Comes to P2P Payments Shared in NAFCU Letter to CFPB 02/15/2022 07:42 pm WASHINGTON—Concerns around the allocation of error resolution responsibilities in the context of peer-to-peer (P2P) payments have been shared in a letter to the CFPB from NAFCU, which was responding to the agency’s request for comment regarding its Paperwork Reduction Act (PRA) notice for Regulation E.
Review of BSA Burden by FinCEN Gets Strong Support from CUNA 02/15/2022 07:41 pm WASHINGTON—CUNA said it strongly supports the Financial Crimes Enforcement Network's (FinCEN) efforts to conduct a review of the Bank Secrecy Act, sharing several examples of burdens the trade group said BSA places on credit unions.
'3 Aspects of Mobile Present Opportunities' 02/16/2022 08:23 pm RANCHO CUCAMONGA, Calif.–It can be expensive to respond to new consumer expectations around service, especially digitally, but CUs can save time and money by focusing on several key areas and by learning from the big banks, according to one person
The Most Damaging Rule Ever Enacted by NCUA 02/16/2022 08:18 pm On Dec. 23, 2021, NCUA filed a new rule, RBC/CCULR, in the federal register. It took full effect just nine days later on Jan. 1, 2022. This rule is the most consequential ever passed by NCUA, and the most damaging.
